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News Corp. CEO Rupert Murdoch reacts to the Supreme Court's decision to uphold the constitutionality of the Obama Administration’s health-care law.
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Thank you very much will you have heard it here the Supreme Court the United States has.
-- by and large.
The health care act that became law.
That became depending on who you talk to a big burden to business -- big boon to business.
We -- we check in with the CEO of of various.
Stance of business that has a very substantial.
Benefits plan in its own right -- also so happens to be my boss Rupert Murdoch of course the chairman and CEO of News -- the parent.
-- this fine company of Fox News Fox Business.
Of all things media mr.
Murdoch good -- have you thank you damaged now we have a lot of corporate developments of course -- -- -- -- but I do wanna get your reaction first off.
To the Supreme Court essentially saying Mr.
President you didn't go -- -- this thing is fine but mandate is fine.
Welcome following the -- Supreme Court.
Hearings.
-- -- -- surprised.
But it's clearly have.
Who will be seen a big victory for the president of that'll be -- in high fives at the moment and the White House.
But.
On the other hand.
Every poll -- there's not a popular build.
So we're going to the action and trying to have it there I'm magic.
Do you worry a lot of businesses it said that -- With this law or not.
Health care and premiums in the cost of providing benefits to workers.
Would continue to soar.
On the administration has argued yeah but for guys argue not as much now.
-- this health care.
Laws protective what do you think about I don't know affect our business very much but suddenly.
I think -- -- Shannon this gonna add tremendously.
To -- -- to the national budget nationals.
You know I just worry about.
There's entitlement culture we've seen -- -- Greece we see what is taking France and -- and today.
So on a political level.
I worry about us.
But of course I'm felt.
Full health services being available possible.
-- -- -- -- by the way before it gets us in corporate particulars of Rupert federal review in that crowd that said.
This.
-- this law.
If it were shot down Tom.
You would have seen premiums rise.
Substantially more than they -- and -- -- and things so I do believe there's a lot of things.
In the medical profession.
And and -- -- held services we seem to be outrageously expensive.
And going up too fast.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And that was a Democrat it was November of her no -- and that one didn't -- -- that particular book on let's talk.
