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-- -- -- any young person spend a dime on obamacare and is he answered that question the fatal flaw in obamacare CKE restaurant CEO Andrew Posner joins us pitting Serb.
Greta are you fairway I -- you not add and he's -- day it's simple math.
-- -- simple math.
Well be the penalties for the first -- of obamacare are very very low.
The cost of insurance are much higher than just paying the penalty.
And under the Affordable Care Act you can get sick and then apply for insurance others remain a lot of incentive to get insurance.
In advance of getting an illness and you can be cared for in the interim in the emergency -- self.
I would write -- I went to our employees and asked him why many of them weren't taking the insurance we currently offer the cancer was.
Either that they can get it for free at the emergency room.
Or that may be a runner up their parents.
Or they or -- spouse's insurance already but.
A lot of them felt that they really get under under the affordable character really would need insurance because they could sign up after they became -- so.
Why didn't want to just pay the penalty -- pay the higher cost for the insurance.
Yes did she really -- caught and you say that that ever and that made the best intentions and Obama -- actually select the kind of man who doesn't wanna get involved in the food fight and isn't.
You just say it's simply won't work.
-- it -- I ended my visiting of our restaurants and looking at who would sign up for.
Care under the affordable -- did it seemed it would be a -- small percentage and you have to have young healthy people sign up for insurance or the rates are going to go through the -- that insurance to be very very expensive.
So I think one of the reasons that they actually gave a moratorium are held back on the employer mandate -- that employers don't have proper insurance.
Is because if employers don't offer you insurance you can go to the exchanges and get your insurance payments subsidized.
If they do offer in church you can't get the subsidy so I think they're they're a real effort here to drive people to the exchanges.
To get these taxpayer funded subsidies that make health insurance less expensive.
They're trying to encourage employees to take that it should they'd end -- administration even announced.
That they're going to use the honor system they're not going to check to see whether people actually qualified for the subsidies so there's a big push to get people.
Into these exchanges using the subsidies and and holding back on the employer mandate I think was an important piece about.
Westerly is sad topic that has consumed this year Washington across the country this whole issue of obamacare -- NIC has an impact on them like business is like like the new one near CEO of any thank you very much for joining us.
My pleasure Greta thank you.
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