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Detailed text transcripts for TV channel - MSNBC - 20170315:07:19:00

under either current law or the legislation. the non-group market under current law is the health care exchanges under the affordable care act which the seek owe says will probably be stable, not collapse, not go into a death spiral. the cbo explains why those obamacare exchanges will remain stable. subsidies for those buying health care and penalties for those who don t, it stabilizes the market over time. the other thing the seen joe score shows in sharp relief is the staggering distribution of wealth under the gop plan. cuts to medicaid and the poor and working poor totaling $880 billion, tax cuts for the wealthiest are $883 billion over the same period. that s a shift from the working poor to the rich. joining me now the former acting administrator for the centers for medicare and medicaid services. andy, let s talk about the death spiral finding, it s gotten less attention than it deserves because the cornerstone is we cannot abide the status quo because it s imploding. cbo says

Detailed text transcripts for TV channel - MSNBC - 20170315:00:20:00

the same period. that s a shift from the working poor to the rich. joining me now the former acting administrator for the centers for medicare and medicaid services. andy, let s talk about the death spiral finding, it s gotten less attention than it deserves because the cornerstone is we cannot abide the status quo because it s imploding. cbo says not true. well, you re right, chris, and it s not just the cbo. standard & poor s came to the same conclusion last winter, so have the society of actuaries, so has the independent office of the actuaries, so i think what the premise of an exploding market really as you ve said on your show, it s a neat justification for a big tax cut perhaps but it s not true in fact. so what do you think about the other parts of this bill? i mean, to me this redistributional aspect is so striking. here you ve got huge, huge tax cut, mostly to the top 1%.

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