Detailed text transcripts for TV channel - FOXNEWS - 2011010

Detailed text transcripts for TV channel - FOXNEWS - 20110107:06:08:00

>> greta: judge hudson in virginia wasn't going to throw out the whole thing. >> that speaks to what we end up doing. if the mandate is pulled away then the entire bill collapses. the whole reason this health care thing works on paper, which i don't think it will work any way, they are forcing healthy people to buy health insurance to cross subsidize sicker people. why would a healthy young 24-year-old buy health insurance on their own if it is more expensive to buy health insurance than not having it? if you get insurance, if you are sick and buy insurance you don't pay any more. you can buy house insurance when your house is beginning to have smoke on go on fire. the problem with this kind of insurance system is, if you don't make everybody buy it, it didn't work. you will have sicker people in the pool -- dramatically increase the premiums. they call it death spiral. that's something that actuaries say the premiums

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