get a vote on this before congress recesses for the july 4th break. stephanie? sound like you ll be working hard before the july 4th break. i have to walk you through what this bill exactly does or at least in its current form. here s what it does. it eliminates tax penalties for people who don t buy insurance. it keeps subsidieser which help reduce premiums for lower incomes. but it lowers the income limit to about 42,000 bucks. it offers states the ability to drop many benefits that are required by the aca. within that, you ve got maternity care, emergency services, and mental health treatment. the bill would also faze out the medicaid expansion over number of years and it triggers deep cuts in med kald funding and we know how essential that is to so many americans. jason fuhrman, former top economic adviser to president obama and former chairman of the white house counsel of economic advisers. christine quinn, vice chair of the new york state democratic
monday. joining the crowd, president obama, whose staff signed him up over the weekend. in a move that was entirely symbolic, since he uses military doctors. the president sounded a positive note friday about the overall pace of enrollment so far. since october 1st, more than one million americans have selected new health insurance plans through the federal and state marketplaces. reporter: while the president said more than half a million people signed up through healthcare.gov in the first three weeks of december alone, enrollment is still far short of the 3.3 million the government expected by this time. meanwhile, members of the president s own party continue their push to delay until 2015 fines for people who don t buy insurance by the end of march. the end of the day, if it s so much more expensive than what we anticipated and that the coverage is not as good as what we ve had, you ve got a complete meltdown at that time. so this transitional year gives you a chance to adju
obamacare. the rollout and the ideas behind the fact that the federal government could manage appropriately one-sixth of the economy is proving itself erroneous. reporter: as members of the president s own party pushed a delay until 2015 fines for people who don t buy insurance by the end of march. this whole 2014 will be a transitional year too to find out where our glitches are and nuances that we have to work for and find out if the market can produce the pruthd products that we need to keep us healthy. reporter: the administration did offer a reprieve last week to people whose policies are being canceled and who haven t been able to find affordable plan on the exchanges. they will be allowed to buy catastrophic coverage or be exempted from the fine. while enrollment from the federal website is speeding up states running their own exchanges have seen mixed results. making matters worse for the white house the drop in support from the law was driven by women. 60% now oppose i
continue to rail against obamacare. the rollout and the ideas behind the fact that the federal government could manage appropriately 1/6 of the economy is proving itself erroneous. reporter: and as members of the president s own party pushed a delay until 2015, fines for people who don t buy insurance by the end of march. this whole 2014 will be a transitional year to find out where our glitches are and our little nuances that we have to work through and find out if the market can produce the products that we need to keep this keep us healthy. reporter: the administration did offer a reprieve last week to people whose policies are being canceled and haven t been able to find affordable plans on the exchanges. they will be able to buy catastrophic coverage or be exempted from the fine. while enrollment is speeding up, states running their own exchanges are mixed results. making matters worse for the white house, the drop in support for the law is driven by women,
jon: yeah. there is no free lunch, i did learn that once upon a time maybe when i was young. so what happens if these young people that are sort of a pillar of the effectiveness of the law, what happens if they don t jump onboard? that s going to be a huge blow, i think, to the whole program. there is a penalty if they don t get the insurance, don t buy insurance, but it s much smaller than what they would have to pay if they got insurance. so a lot of of them just might say, you know what? we ll pay the 1% of my salary in penalty and avoid paying the thousand, $2,000 a year for insurance i don t think i need. so if they don t get it, i think the law is in deep trouble because it depends on young people buying in, at least these individual mandates do, at least the exchanges do so they can subsidize older and sicker people. and i would think the law s in very serious trouble if they don t get convinced to buy into this. jon: jamie, you re in that young person category. have you signe