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His reelection Obama carries -- -- says the law of the land with the repeal movement derailed what was businesses do to prepare.
For the health -- lost 2014 implementation -- try.
As a former -- yeah.
Secretary do you there's a lot of concern from businesses here -- about what this health -- law's gonna do especially when it comes to the issue of cost is cost something that you think can be.
At least dealt with in the next term of congress.
Well of course cost -- always be dealt with I just don't see.
This current law they obamacare law doing anything about cost in fact costs have gone up since the -- past.
And their latest projections suggest there's gonna continue to increase I think that's a real problem and I understand why businesses are worried about it.
Note that EU EU given his this point in -- -- -- bring this up is of this as a way to business -- -- what to help govern.
A lot of is actually make sense -- about a lot of CEOs c'mon into the -- -- the exact same basic cut worker hours -- the threshold.
Not higher keep thinks small -- that under that threshold of thirty also you say dump employees under the exchanges that last point having about dumping them into the exchanges.
Doesn't make the most sense in a legal way for businesses to handle this.
Well again -- those first two points about staying under fifteen employees and staying under thirty hours for the employees.
Our options for small businesses that will help small businesses stay under the restrictions that the new obamacare would place on people's health care and how -- provide it.
The third one is really the only option for the larger businesses so Wall Street Journal had a study an instance of an eighteenth he would spends about 2.2 billion dollars annually.
About health care if they dumped their employees it would be about 600 million.
And I and they argue about.
And that's and that they -- that the cracking down on that the fifty vs the thirty but at the same time many businesses.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- A considering the the result of the election last week.
But look and it with the Obama care the clear path to repeal are now gone obviously since John Roberts went the way he did in the Supreme Court case and the way the election -- But they're still thirty Republican governors and their vital to implementation in terms of creating a state run exchange -- so.
The Obama administration can't just ignore Republican ideas here they've got to have a conversation about ways to fix.
The obamacare legislation or or reform it.
So that it actually will work as a right now it's weighted not to work and to be a big bit of a mess.
You know 2014 is not very far away and we're hearing that -- is that the states really are prepared.
With these exchanges.
What do you here.
Well yeah I am hearing that one of the reasons.
Is that the Obama administration was waiting until after the elections to go forward with the regulations telling states how to go forward so.
The Politico had this piece talking about how there's going to be a torrent of new regulations that not only affect the states and how they run their exchanges but also affect businesses and specifically the insurers and -- -- insurers can prepare products that would be.
Available on the exchanges are waiting on the regulations.
Had a political purpose I suppose but is not gonna help getting the law implemented in in -- clearing clean way.
Before LA go I do wanna ask you about the issue of medical device mixers and makers and that new attacks this coming that had a lot of the stocks likely the -- last -- -- watch that of course on the business side.
What do you make of that conservatives -- -- By obvious disapprove I don't think we need more tax I don't think we need need more fees I think we need to get to a market driven.
Health care system I'd like to see done in a bipartisan way the obamacare thing with past and you know partisan way and so I think this is just.
One more problem in a very problematic piece legislation right Teddy try thank you very much for analysis -- botanic.
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