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Give our administration may blow a deadline for October 1 is the deadline for the Obama administration is set up those health care exchanges.
And now a new government the bill accountability office report says as good news for the President Obama.
That it may not happen while speaking out Sarah Newman joins us with more -- there pretty mean and tell me out where does the federal government's stand and building these exchanges by.
Well the government as there -- the report that you sought.
Has said that the changes are not a meeting the deadlines that they're supposed to me in order to open on time in October.
What does that mean first let's not every state right some states -- sitting up there on sixteen just a just and number that are good that have does it enacted -- of the feds have to step in by default right -- seventeen states are going to step darn exchanges.
And the rest -- government assistance and some them are further along than others we also know that some of these changes are expected to have only one carrier.
Which is not what the law intended they Affordable Care Act intended for there to be.
A multitude of carriers to give.
Consumers and small businesses a lot of choice and we know that New Hampshire for example only long kept -- has -- expecting dressed.
In in the state of Washington.
Only -- Kerry has expressed interest and will not cover the entire state.
So that's that's stay in particular will not have.
A fully functioning -- come October.
In other words -- -- New Hampshire gonna have monopolies -- both states -- -- monopolies in the monopolies theoretically can set their own rates they don't compete to keep conduct.
We ask you about what happens if the exchanges if we get to October 1 ended exchanges -- set up in a perfect in in a particular state what happens to the people in those states.
Well they simply won't have that option available to them.
On but she reminded the enrollment was close begin October 1 but the plans would not go infected until January 1 2014.
So if there's a delay they could open up say in November -- December it is still possible for people to register at that time I'm sexually role at that time.
But it's very clear that's how we just don't know what's gonna happen.
And just how long it'll take for them to open and have actually function when they are open to fill function smoothly or not.
Trying to thirty seconds left but I'm tell me is -- federal governments agreed that they may not missed the market this and everything's fine they're saying everything is fine.
That's -- -- the report has told us they believe it's gonna start on time and everything local fine but the GAO report has indicated.
That the exchange of -- way behind entry deadline so that doesn't seem to be the case a lot to -- What if they are -- Sam thinks change is good for them they met the deadline but they've got the probably New Hampshire and Washington would essentially of monopoly so be no competitive pricing so the people now love the live in those states.
Well good luck to them.
Anyway Sarah thank you athletic.
Above -- -- -- obamacare is supposed to be the small business elixir make things easier and cheaper for small businesses.
Now scratch that at least according to Republican -- Chris talents.
He chairs the subcommittee on health and technology he joins secessionists there credits nice to join you -- small businesses that is.
-- -- -- -- for -- a small business if other people -- less but they mandate kicks in at fifteen employees or more so tell me is this obamacare is it going to hurt -- help small businesses and give me an example well.
As we had a hearing today we are talking to small business people I asked them very direct question over ten people that I chatted with I said.
Simple question would you vote to repeal obamacare today it's a yes or no.
Nine out of ten repeal it today the only one who didn't say repeal -- said -- so uncertain about what it means for me I can't say repeal it.
But I don't like it.
What we're seeing is we're seeing employers cutting the size of their workforce and just today.
I think constituent call my office she was in tears she'd been working for the same fast food restaurant for nineteen years 37 and a half hours a week.
Today she was called in and -- her hours are being permanently cut to 29.
She doesn't know how she's gonna make widening cut them what difference what's the significance of -- -- -- -- not -- they do that to her well if you have over fifty employees you're subject to the mandate in the tax.
For not providing health care unless your workers are under thirty hours so they've redefine part time.
Which we think of is under forty they re defined at two under thirty so a lot of companies small businesses franchise restaurants fast food are cutting the hours workers.
Because they don't set.
Sony says so let's say and I fast foods and -- -- 52 employees and I don't wanna be covered by the man because I can't afford to run me out of business but it goes out takes three -- -- two or three employees and cut them under thirty hours not have been the mandate.
Well you'll be subject to the mandate was over 52 employees but you don't have to pay the penalty or tax for anyone working under thirty hours and many of these restaurants.
With all of the turnover in the hours are open 24 sevenths -- over the fifty hours and these are full time equivalent employees so they take the part time hours add them up.
Divide by a 130 hours a month.
What if -- a small business and I have 49 employees I'm thinking of expanding you're not gonna expand why because if it hit I hit fifty -- the magic number and expand my business suddenly have.
What happened is subject of the mandate in the tax and that's what we're seeing we're seeing companies now looking to shift jobs overseas.
We have one company that's in the medical device it's trying to hit two things they don't want to be subject to the medical device text but also.
They've twelve employees working out on a product it could be shifted to China to pushes them under fifty so what we have.
Is we know that obamacare has -- a train wreck it's a drag on the economy it's a drag on jobs and it's incentivizing.
Behavior that this we need jobs we don't need people cutting back on hours in and -- into people's lives to tell us about.
Medical device -- -- the last we're on this is that.
A lot of Democrats now want to rescind a medical device because they've discovered that a lot of medical device manufacturer in their district -- -- If they had read the law in the beginning they would not be back -- on that -- it is sort of my rub that nobody bothers to read these five read the statute just votes yes.
Well this was a law passed in the middle of the night it was passed in a hurry it's not -- -- ready for prime time.
And it's the health insurance tax the employer mandate the medical device tax.
And they're trying to get money everywhere they can do expand Medicaid including the 10% excise tax even I'm tanning salon.
Has been thank you guys see you -- Greta thank you very much coming.