folks and they look at me like, i have never hards of it. shannon: you mentioned bipartisanship and clarity. we hope you will hash this out. eric: reporter: by turning medicaid to a bloc grant that you can cut $770 billion out of that program in 10 years and have no impact on legitimate recipients? these are increases that have not come yet. so by repealing kare-11 and the medicaid expansions which haven t occurred yet, we are preventing an sploangz of a program that is already failing. shannon: that was former republican vice-presidential candidate and chair of the budget committee on the house side, paul ryan. he is rolling out his budget plan on tuesday to balance the budget within 10 years, but would require the repeal of kare-11. i sat down with chris wallace to talk about his exclusive interview.
chris, this week is going to be budget battle showdown in washington. we are expecting something from the senate and the house. you have the key player from the house today. reporter: very interesting. paul ryan, chairman of the house budget committee. he will prepare a budget from the house republicans that doesn t balance the last one in 25 years, but does it in 10 years. interestingly, one of the reasons he will be able to do it is because some of the policies of the president that he has opposed. $700 bill globe cuts to medicare. the increase in tax rates for people making more than $400 thousand. $600 billion in the fiscal cliff. but it make its easier to get there. we talked about, is there a possibility of a deal? he had lunch with the president on thursday. i have to say, it sure didn t sound like t. one of the things in this is budget and he says things, he repeals kare-11. how do you think that will go over in the oval office? shannon: have you to think about the senate a
to the bottom of this. marcia blackburn, vice chair of the energy and commerce committee, thanks for coming in. what is this about? from what i understand, there is a special tax built into the health care law on thicks that are considered medical devices and the pump ands that make them. how could my smart phone be a medical device? of course, they are looking for anything that is moving that they can regulate and then tax. and medical devices have a 2.3% tax. that is written into kare-11 well, back in july, 2011, we got some instruction from the fda that they were looking at regulating mobile medical applications as a medical device. and they re looking at anything that is attached to a current medical device or any portable applications for diabetes or monitoring your blood pressure. they want to throw that in the
particularly with the imp levellation of health care, which is already seeing challenges. if there is one thing that could slow down his grand ambitions, it s complications with that. don t you think health care is the big question mark for this second term? because we don t know, as we said in that piece, what companies will do. we don t know how this is going to be implemented. we have a number of states that haint haven t signed onto this thing. i think you are right. if you talk to business owners and i talked to a lawyer from austin, texas, which is his business at this point and the number of businesses who don t yet realize that they have been to be making the changes now, this is not going to wait, they have to be making changes now for kare-11 to happen. add to that, all the complications from the regulations coming out of hhs, i think you have a potential mess on your hand. if the president has to spend time tending to that, that could complicate his agenda for bigger-t
having an investigation that reasonable people cannot trust. mr. president, do your job! clear the air. greta: thank you, sir. thank you. greta: coming up. new numbers, congressional budget scorekeepers released new numbers. will kare-11 make the federal deficit better or worse in that s coming up. and president obama is raising eyebrows with whom was he spotted that has tongues wagging? stay tuned to find out. ll anotht all this walking i ve been doing is that it s given me time to reflect on some of life s biggest questions. like, if you could save hundreds on car insurance by making one simple call, why wouldn t you make that call? see, the only thing i can think of is that you can t get any. bars. ah, that s better. it s a beautiful view. i wonder if i can see mt. rushmore from here. geico. fifteen minutes could save you fifteen percent or more on car insurance.