insurers? we read yesterday aetna is dropping out of the state of ra virginia. we haven t heard anything for what all of this means for the insurance industry. on the surface you would hear the headlines and some of the details and say this must be a disaster. when you look at the stock market the reaction shinz the opsite. every major health insurance company you can find is trading at a 52-week high, anthem, sigma, united health, go down the list. that s a function of the fact that the real issue for the large insurance companies is, not necessarily the repeal but the subsidies. it does not look like the subsidieses will be pulled away. something on the order of $7 billion that enables these companies to participate in the exchanges and dooms-day if that s taken away, and i don t think wall street thinks that s likely. the market is up 20 points on the day and you cannot deny that sentiment has been positive since president trump won the election. but why is it, do you believe, w
premiums can go down but deductibles go up. you get bamboozled getting a lower premium but a higher dedubltible when you need it. trump care 2.0 will take away all the guaranteed benefits of being covered for emergency care, mental health, maternity care and pharmaceutical drug prices. therefore, that moment when you need your insurance, you re going to be left alone to pay for it. so that s absolutely false that premiums or out-of-pocket costs will come down because out-of-pocket costs is going to go up. well you yourself are an emergency room doctor but last month you wrote an op-ed in the holland sentinel the republicans aren t interested in improving the aca. they d rather attack it for political again. this is exactly what disgusts voters about washington. that s a criticism of what republicans are doing but day in and day out we hear more complaints just yesterday eight in a dropped out of the state of virginia said they re lose so long much money.
now we re almost 90 days in to working through the repeal and replace and i feel good about where we are. have you read the whole bill? oh, gosh. let s put it this way people in my office have read all the parts of the bill. i don t think any individual has read the whole bill, but that s why we have staff. is that not a risk? because people in your office weren t the ones who were elected. dozens of protesters were kicked off your office property in virginia this week and they want you to vote no. take a look at this. it s like whack-a-mole with this house republicans. one bad bill goes away and another comes up a few weeks later. people will literally get sick and be dying at higher rates than they would otherwise. the affordable care act for me saved me it s really a matter of life and death. people in the state of virginia, they voted for you not your staff and there were protesters there who said obamacare saved their life. what do you say to that?
republicans are holding a closed-door meeting on capitol hill right now. just hours before the house is expected to vote on the gop s latest health care bill. joining me now is republican congressman thomas garret from virginia. congressman, you were a no on the original gop health care bill. then an undecided. and now supporting the latest version. what changed your mind? the fact that i was invited to the closed-door meeting. we have a bill that allows a lot of latitude to drive down the cost of premiums and deductibles in their states, the concept of 50 laboratories of democracy to see what wcan do not to have coverage for people, but care for people. the paradigm we ve been working under on the aca and saw the cbo that said 24 million would lose coverage is false. when news media tell us
makes landfall tonight into the outer banks. that s what s fresh on everyone s mind. currently it s still about 90 miles offshore of charleston, south carolina but the conditions continue to deteriorate. here the winds pick up as well, the surf starting to pick up more. a lot of people here in the water not really heeding the warning. they re going to feel that difference because it is making its way closer. as it makes landfall still expected 100 mile per hour winds. the cat 2 system will be here. past that it s going to strengthen further now with the latest advisory, about 105-mile-per-hour winds just south of norfolk, cra virginia. there it will be offshore. it will move off to the northeast and move right now a little closer towards cape cod where they could feel the impacts by friday evening as well. we re talking about a category 2 storm that will hit the outer banks if it continues on its path which will be a concern. alina machado, give us a sense