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As we continue here is why it is a market rally all right up from 223.
On the Dow but we're gonna talk a little bit more about health care now is -- again.
Congressman Charlie Rangel Democrat from New York who calls yesterday Supreme Court decision a victory for America and joins us now.
From Capitol Hill I saw and thank you very much by the way congressman for joining us congratulations on your -- the primary there.
They may get over the yes -- said.
It yesterday talking about this that the Democrats and President Obama have a second chance to sell it to sell Health Care Reform.
To the American people -- look at the polls it's still.
Not the most popular law in the world so here's your chance how do you sell -- -- if people are watching and they and they aren't convinced it's a good idea.
That's a good question wondered if things that we've done a terrible job maybe we can use an excuse that we run as such a -- bought meant by the Tea Party that we -- in the defensive mode.
But there is no question that most people are not aware of the benefits.
They're not a we're.
That that child that has a pre condition cannot be denied.
And she finds that should be enough to at least get semblance attention.
And I don't we hear that insurance companies in the past could just say well you -- human that we don't make more than 30000 -- -- you own.
That no longer exist.
And that the most important thing -- -- call -- -- tax on people who are not.
We have people out the about 30000040.
Million people that you had high up paying what they help.
Benefits right now -- -- -- paid employee -- all of them.
What if they -- -- today.
What if they don't like -- congressman I don't know the reasons why all these people in the Paulson that they don't like -- -- what if one of the reasons.
That they don't like it is because they know what's in it but they say you know what I don't wanna pay higher taxes to pay for -- -- a rough economy.
Would be the dumbest thing -- -- -- -- could say it would mean they don't understand the bill.
Supposed -- have the time to tell them hey you be paying lower premiums.
Then -- question -- -- how do you think -- -- it was not only would it be how but I was watching.
And also -- -- watching one of the -- -- insurance company CEOs on I think it was with Neil -- last night from Cigna.
And the last and you know even with this the premiums are gonna go up our thank you suggest that -- they are the.
Let me let me try to answer this -- it's a very simple answer it.
I think it's widely accepted and interrupt me what I see you -- went.
That those people like being you -- fully insured now included in the cost of -- health care.
These people that get into hospitals get into -- emergency wards somehow managed to get health care and they don't -- for.
And we pay for the hospitals -- book in the us yes price that they play if you acknowledge that.
And you know that these people will now have insurance.
Because they're paying for their own insurance.
That doesn't that -- logic.
That -- insurance premium would be lower -- -- would not be double charging us for the freebies as well as what we.
Have have -- that built up an expenses.
Here's what what are we talking about here -- I understand -- an identical values your -- that you could correct me if you think I'm wrong but it does the way I understand it is that.
Because the mandate was ruled constitutional.
The premiums will not.
The go up as much is they would if the mandate was thrown out in other words yet it does lower the cost it's to.
Required capital to have insurance but according to these executives because there are higher cost related to other parts of the law and they have to insure more people all this can think that the premiums still will go up just not by as much as they.
Would have without the mandate.
Well that's a big victory if we would just stayed with what you've said.
And that is that everybody recognizes.
That the cost of health -- as it is now this already.
It's sorry for those -- insurance is showing those without insurance price so what you -- saying is that.
It would not increase as fast as it would normally do -- and that would be a good start what it would still give us a chance is seen.
What else can we do know.
It was still go up and would still be higher -- that would go on saying which is fine if you think if you say to yourself yeah I'm willing to do that I'm willing to pay the higher -- either that I'm just saying it would still go up is that.
How you understand -- as well for people who are watching.
Yeah format that that they would go up it would go up tremendously high and this would be if we didn't -- hospitals and doctors right it would be a tremendous increase.
And this gives us a chance without them right here just stop.
The thing to go back and take a look at further savings that we can't and shouldn't have had.
Once we get a handle on the cost overall the universal -- us.
It's a great opportunity for America and the -- bids that you and I have a tendency to believe.
-- will ensure I leave it all.
What what we have to probe is that the issue during those thirty million people helps you and it helps me thank you congressman Rangel -- to talk to you thank you don't live from Capitol Hill.
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