premiums and so on, all the problems with that. so, that is not a good sort of breakdown going forward. you need the younger, healthier people. you need healthier people, period, and it skews toward more who need the system and benefits than those who are paying interest the system paying into the system. that is not a good long-term strategy generally. right. the concern is what is referred to as a death spiral, where peoplums go up in order to make up for the shortfall with young healthy people. further discouraging people who consider themselves healthy to sign up for insurance and instayed they pay the mandate penalty, tax, whatever we re calling it. so that s the concern. young people who the young invincibles we call them who feel they re healthy enough they don t need insurance, won t sign up, will pay the tax instead, and you won t have the influx of dollars you need to pay out to
last few days. i don t mean to understatement that. at the same time there s ample opportunity for this thing to work. the backdrop for what the white house is doing today, trying to ensure there are no major permanent changes made to this thing in this sort of moment of panic, weeks of panic we re living through now that will make it difficult or impossible to create the healthy risk pool this law is predicated around. if you can get through these weeks, into december, get the website up and running, have the threat of the mandate penalty start to come onto the horizon, young people will look at that, okay, i better sign up. here is the website where i sign up. if you do that, build the risk pool, more and more people want in because the rates go down, more and more insurers because that s where the action is. there is still a perfectly viable scenario where this thing works. if we talk about where this thing works and the fix from the president, kristin, is the action that s going
of the loss of their coverage. the government is not going to take this over and it is not going to go well. there is a bill which would doe lay the vidial mandate penalty for a year. it would make tit a true transition year. they would vote on the bill that would allow americans meet the obama care standard to continue next year and permit people to enroll without facing penalty. thank you so much. last night president obama said he was sorry americans are losing their health care plans under obama care. i am sorry that they are finding themselves in this situation based on a insurances they got from me. time for the man poll. charles pain for fox business. all right is that the way that
the affordable care act outweigh the criticisms. where people say you know what? i think most people are happy with this system. chris, to be honest, i think that s going to be well into 2014. next year. we have to recognize yes. well into next year. we have to recognize the slow pace of enrollment. in massachusetts it took about a year to ramp up before when people could first pay for premiums and sign up. that first month 123 people signed up. by the end of the year it was 36,000. the key date to keep an eye on is that date of march 31st. that s the date people have to have insurance to avoid the mandate penalty. i think people will start to recognize that the winners outweigh the losers. that s only if we re willing as a society to recognize the importance of aggregates and not anecdotes. we have to recognize the winners
benefit from this. they know it and the other side knows it and doesn t give a damn. let s go back to jonathan groouber. when will we get to a point if you re an optimist. the month that the benefits of the affordable care act outweigh the criticisms. where people say you know what? i think most people are happy with this system. chris, to be honest, i think that s going to be well into 2014. next year. we have to recognize yes. well into next year. we have to recognize the slow pace of enrollment. in massachusetts it took about a year to ramp up before when people could first pay for premiums and sign up. that first month 123 people signed up. by the end of the year it was 36,000. the key date to keep an eye on is that date of march 31st. that s the date people have to have insurance to avoid the mandate penalty. i think people will start to recognize that the winners outweigh the losers.