But is president obama really setting up the Insurance Companies for all the blame . And stocks sell off once again. Another 100plus point drop for the dow. Strong retail sales, and the expected nomination of the mensch of the hawks, Stanley Fisher to the fed may be convincing investors that tighter money is on the way. All those stories and more coming up in the kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. Were live here at 7 00 p. M. Eastern and 4 00 p. M. Pacific, and we are loaded with news. We start with breaking news on the budget deal. The house votes to pass the bill and sends it over to the senate. Eamon javers in washington with all the details. Good evening. Good evening, larry. In the end it was an overwhelming vote of 332 to 94 to support the budget deal in the house. Thats going to send it over to the senate. The expectations are now that this budget deal will pass. Just 62 republicans oppose the deal, and only 32 democrats opposed it as well. But during the debate leading up to that vote, larry, both sides made it plain that they dont necessarily love this deal despite the overwhelming vote. Take a listen. Thats how it works in divided government. Thats the nature of compromise. In a divided government, you dont get everything you want. But i think this bill is a firm step in the right direction. This agreement is far from perfect. It is not the budget agreement i or many of my colleagues would have written. But i do believe that on balance larry, its clear that wall street does in fact love this particular deal. Jpmorgans jamie dimon was in washington today. He sent patty murray and paul ryan, the two architects of the bill yesterday saying thank you, thank you, thank you. Eamon, thats because he doesnt want them to fine him another 15 billion. Thats right. Hes had a tough run in washington. I dont want to be cynical about it. But i think there is a lot of thing going on there. But i appreciate the point. Eamon javers, thank you very much as always. You bet. Now to the big story on obama care tonight. All right. Its not working. Not enough people are signing up. So the administration once again changing the rules of the game, and now coercing Insurance Companies to go along with it. Dan mangin joins me now with all the details. Good evening. Good evening, larry. What have you got . A bunch of news today late in the day. Secretary Kathleen Sebelius announced that she is mandating insurers accept payments as late as december 31st for coverage to kick in january 1. Before it was up to them whether or not theyre going to accept that. She also raised the prospect that theyll extend the deadline to sign up for the insurance from december 23rd to some date in the future. And there are a bunch of other ideas. The idea is to get as many people enrolled as possible by january 1. That includes either partial payments that the insurers would accept, or also by letting people retroactively cover people if they sign up on january 8th and retroactively get covered january 1. Let me ask you a couple of questions. Sure. Im no expert. First of all, they are extending the preexisting conditions for the poor for the sick. Thats very interesting. The pool. The federal pool. They want to delay it for the month of january. Im okay with that. Ive always been okay with that. Where i do have a problem is that word you used, mandate. Mandated, right. The Insurance Companies have basically played along and cooperated where the state commissioners have let them do it. Some cases the state commissioners wont let them do it. But i dont see how the administration can mandate. Mandate has legal connotations. Thats what troubles me. We were talking about this before the show. There is an open question about whether its legal. Lets assume that its not. I dont think very many insurers are going to go to court to try to block this because there is too much money at stake. I dont think theyre going to get on the bad side of the administration. Theyve gone along with all this to date. They havent squawked too loudly. I dont think theyre likely to squawk loudly than. Let me ask you about some other stuff coming late in the day. Out of Network Providers. The administration wants Insurance Companies to treat out of Network Providers as though they are in network in order to extend what coverage you may have had before. Thats right. Will that fly, dan . Will that fly . You know, there is already this was asked repeatedly about in the Conference Call today. And there is already the case in the insurance history the use of this where they will make amends for people that if theyre used to having certain kinds of prescription drugs or having certain kinds of providers, you were used to these for a month or so or whoever long, well use to it faze in. Theyll bend over backwards for them. I dont think thats that unusual or that unlikely to fly in this case. I think this is all about getting people comfortable, at least in the first month with the benefits that theyre receiving, to make sure they dont wake up and say look, where did my cancer doctor go. One other thing that gets my goat, this partial payment business. Yes. I have a real problem. I remember not so long ago there was no Income Verification and no documentation for people in the housing business. Everybody had to have a home. When you went for a mortgage, you didnt have documentation, you didnt have income. You didnt have to say if you had a job. They dont have set up on these websites yet proper verification procedures. They do not have that. Nor do the Insurance Companies have the forms. There are serious doubts about the insurance enrollment. There could be 10 error factors going on. Thats for both enrollment and payment. So therefore, i dont understand how you can have a partial payment when you dont even know what the whole payment is going to look like. Its a valid concern. As are the other aspects you just mentioned. Ill tell you this. The image that i got in my head when you were asking about this is the image of a marathon runner trying to run across the line and a bunch of people trying to drag him across. This is the administration trying to drag as many people as possible in any way they see fit. Theyre considering other steps to take as well. Theyre doing everything they can to get these people across the line, to get these bodies signed up to create enough ininertia that its inevitable. I think there are ulterior motives here. I think the Financial Risks to the Insurance Company and to the american taxpayers are quite substantial. And for me, people may disagree, i dont know why they dont just waive the whole thing for a year that was my position right at the beginning. We should have delayed the individual mandate program for a full year. And thats what youre getting, drip, drip, drip, drip. Its the oddest story ive ever seen. Anyway, cnbcs dan mangan, we appreciate your info very much. Thank you. There is other news. Hhs has told contractors working on the problemplagued obama care website not to release documents to congressional investigators. And now in this letter to the department, the house gops chief watchdog is accusing secretary Kathleen Sebelius of criminal obstruction. Here now to explain is House Oversight chairman darrell issa, republican from california who is fast becoming everybodys hero representing the taxpayers. Chairman issa, thank you. First of all, she has been stonewalling. But it really is obstruction. And that does threaten the criminal procedure, does it not, sir . Well, certainly for those that were conned into signing these letters at cms on behalf of hhs and the secretary, theyre in a pickle. Theyve ordered a contractor not to comply with lawfully issued congressional subpoenas. More importantly, the whole question of what theyre trying to have not released is absurd, larry. You understand 73 days ago, the site went live. There were vulnerabilities. The documents we want are related to the vulnerabilities of 73 days ago. We said were happy to redact anything where there is still a vulnerability. But we need to be told what havent you fixed in 73 days if these are not fixed . The American People need to know that hackers can still penetrate your information. If they are fixed, great. Then these many flaws that were open to hackers at the time of the openings up of this site are fixed, and thats all we need to know. We have this obligation. It is absurd to say you cant see problems that you would like us to believe are fixed and your claim of why we cant have a them is they might be a road map to hackers. Hackers dont need road maps. They find these vulnerabilities. Isnt that an interesting point . They dont wait for anything. They just go in and do it. We were just reporting, chairman ice sack, we were just reporting that the administration now wants the Insurance Companies to take partial payment on these packages. Well, hell, how can you take partial payment when the errors are so large, you dont even know if the full payment will be verified, if the income is there, if the job is there. This reminds me of the liar loans in the mortgage crisis. Well, you know, larry, in many ways its worse than that because the government has the right to pull back those partial payments if it turns out that people arent entitled to those subsidies. Here is what we heard today in our hearing from medical doctors. If in fact the Insurance Company then verifies that somebodys insured and you give them care, under the Affordable Care act, they have 90 days to take that money back. So as a physician, as a hospital, youve got 90 days exposure of thinking somebody is covered and theyre not. So the Ripple Effect will not be the taxpayer, necessarily, it will not be the Insurance Company. The real Ripple Effect will be your doctor who suddenly finds themselves upside down because a host of people came in that werent covered, never even paid a single premium. Chairman issa, regarding the issue of criminal obstruction, what are you thinking about . Can you share with us what your next move is going to be . Well, were always slow to assert criminal referrals. What we will be doing if we dont get the documents is well be calling in under depositions the individuals that asked or ordered them not to comply, and even individuals that might enter in the other companies. What we need is to get to the truth. Are the American People safe going on this website . Is your personal Information Safe that is already there . Or is there more work to be done . If we can get those proper information by any means, we can back off. If we cant, we really do have an obligation to look over the shoulder of this administration after such a colossal failure to launch. I mean, it just seems to me, okay, if you dent get the information, tell you the truth, sir, i wouldnt hold my breath. They wont tell you, for example, they wont tell you the payments. They wont give you the numbers. They wont tell you the demographics, how many young people are signing up. It seems to me that is part and parcel of a coverup. And the coverup is trying to say to the American People were fine. Were fixing this. The reality is because they wont give you any information, they havent fixed it, and the problems are still gigantic. And to me whether this is a criminal case or not, i say its a political coverup. There is no question, it is a political coverup. There is an attempt to say its fixed and not give you the information until its old news and then say its old news. The problem for the American People is every day people are really losing their health care. Every day theyre finding that their doctor, even their oncologist while theyre going through Cancer Treatment is losing the ability to treat them and get reimbursed. Those are real problems that they cant hide from. Thats what we discovered today before real medical doctors. Thats what well be dealing with on monday in dallas in a field hearing where were looking at the whole collection of felons collecting your information at government expense. All of this is part of what is happening in realtime. While secretary sebelius is saying its okay, trust me, i wont give you the information. Trust me. Congressman darryl ooiell issa, you for your Great Service sir. One of the most galling aspects is real americans are losing their insurance and their doctors, even after president obamas false promise that they were told they could keep it. All right. Here now to share his difficult story jim hoft. The founder and blogger for gateway. Com. He just found out he is losing the Health Insurance and possibly the doctor that have saved his life. Thank you for coming on. Im reading your story. And this is a brutally tough story. Just tell us. You thought you had a cold, and it turns out to be a heart problems and stroke problems. And youre going to lose your insurance. Can you just fill us in briefly on your difficult heartbreaking story . Thanks, larry. Yes. This was back in august of this year, just three months ago. I thought i lad a cold. After three days, i was taking cold medicine, i lost vision in my left eye and went blind in my eye. Soy checked into the hospital here in st. Louis, missouri. They ransom tests, found out i had actually bacteria that had poisoned my blood system. It ate a hole through my heart the size of a dime. It caused five different strokes on both sides of the brain. It caused me to lose my eyesight in my left eye. I had my left nihad to be taken out. A prosthetic knee, and i had open heart surgery they thought would be four hours, it ended up being 12 hours. I had exceptional doctors here at st. Louis University Hospital who actually save mid life during the surgery. And this was three months ago. So im very pleased with how im doing today. Obviously, its been traumatic, as you can imagine. But the last thing i wanted to think about was switching insurance at this time. And thats what i found out im going to have to go through next. So in the middle of this awful by the way, god bless. Thank you. Youre here. Youre alive. You look pretty good. So good bless on that. The middle of this story you get a cancellation notice. Now, what can you do . Can you negotiate . They are renewing some of these things, jim. Can you keep your doctors . Can you keep the hospital . What is happening . Fill us in. Well, larry, im still not sure how this is going to end up. So ill have to fill you in further in the coming days. But what i know right now is that the individual market and Ezekiel Manuel told us this, that all these companies were going to get out of the market and it was going to be taken over by the government. Thats what im finding out. And the company that i had that actually paid over seven figures for the surgeries i had here in st. Louis, and i still have a major surgery coming up at the end of the month, theyre pulling out of this market. So now i have to find a different company. And it looks like i only have two options here in st. Louis. One of the options does not carry the barnes system, the barnes hospitals, which is an exceptional program. Im not yet sure about st. Louis University Hospitals. You know, i pray to god that i can still see these doctors because they saved my life, as i said. Will they as part of your hope here that you can discover a new plan that will essentially pay for all the new operations Going Forward . I mean cover the catastrophic costs . Is that still apt . Is that still an option . Well, you know, what i have left is i have to get a knee replacement. Im still in a wheelchair. And so obviously that isnt as big a surgery as some of the other ones ive had. But that will be carried under the current insurance i have. But then soon afterwards, i have to start looking for a new plan, which i need to start looking for now rather than focusing on my recovery. I have to start looking for a new plan. Do the obama care options, i dont know if you know this, because a lot of people cant get this information, but do the obama care options so far as you know cover the problems youre talking about, not only the cost of the operations, but also the doctors that have been working on you . Is there is an obama Care Exchange option that will fit your need . Well, i did i did glance at some of these options from the obama care network. It looks like ill be paying higher premiums. It looks like ill be paying a higher deductible for the same coverage. Im not sure about keeping the same doctors. I pray that i can. But today politifact said obamas you can keep your health care is the lie of the year. Bravo. They were right on. Jim hoft, ill just say god bless you. God bless you. Thank you, larry. I think youre a miracle and i hope you can work this out you. Take care. Well be right back with more on the latebreaking house vote on the budget. Thats a very important thing too. Please stay with us. Im larry kudlow. Well be right back. So you can see like right here i can just. You know, check my policy here, add a car, ah speak to customer service, check on a claim. You know, all with the ah, tap of my geico app. Oh, thats so cool. Well, i would disagree with you but, ah, that would make me a liar. No dude, youre on the jumbotron whoa. Ah. Yeah, pretty much walked into that one. Geico anywhere anytime. Just a tap away on the geico app. Frankly, i thought it was my job and my obligation to stand up for conservatives here in the congress who want more deficit reduction, stand up for the work that chairman ryan did. They did good work on behalf of the American People. Its not everything we wanted. But our job is to find enough Common Ground to move the ball dow