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President Trump Leads a Listening Session with Health Insurance Company CEOs - YouTube
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The President: You
are the big ones.
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You are the biggest
of the big, right?
[3]
(Laughter.)
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That's very impressive.
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Thank you for being here.
[6]
We just had a great
meeting with the governors
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on the horrible effects
that Obamacare is having.
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We're going to change it
and straighten it out, and
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make -- we have a plan
that's going to be, I
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think, fantastic.
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It will be released
fairly soon.
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We'll be talking about it
tomorrow night
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during the speech.
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But I think it's going to
be something special, and
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we'll talk it
about right here.
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I think we'll get you on,
and I think you're going
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to like what you hear.
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Again, thank you
for being here.
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I want to thank also
Secretary Tom Price who's
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with us, and who's doing a
phenomenal job on a very
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complex subject, the
subject of healthcare.
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He's an advocate
for the patients.
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Tom is all about
the patients.
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That's what he wants.
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He wants to have a great
healthcare system.
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Obamacare has been a
disaster, and it's only
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getting worse.
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Last year alone, Obamacare
premiums increased by
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double digits.
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Since it has gone into
effect, premiums are up by
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almost 100 percent
in many areas.
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And I think that this year
it's going to be really
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the year that I've always
predicted -- '17 is going
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to be a catastrophic
year for Obamacare,
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for payments.
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And you just take a look
at what's happening in
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various states like
Arizona -- I believe it
[78]
was up 116 percent; it's
going to be
[80]
worse this year.
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Obamacare forced providers
to limit the plan options
[84]
they offered to patients
and caused them to
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drive prices way up.
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Now, a third of United
States counties are down
[92]
to one insurer, and the
insurers are fleeing.
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You people know that
better than anybody.
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Since Obamacare went into
effect, nearly half of the
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insurers are stopped
and have stopped from
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participating in the
Obamacare exchanges.
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It has gotten so bad
that nearly 20 million
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Americans have chosen
to pay the penalty, or
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received an exemption
rather than buy insurance.
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That's something that
nobody has ever heard of
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or thought could happen,
and they're actually doing
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that rather than being
forced to buy insurance.
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We must work together
to save Americans from
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Obamacare -- you people
know that, and everyone
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knows that at this
point -- to create more
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competition and to
bring down the
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prices substantially.
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The chaos that Obamacare
has created, and for which
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congressional Democrats --
and you see that -- are
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alone and responsible for
requires swift action.
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I actually told the
Republicans that if we did
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nothing, just do nothing
for a two-year period, let
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Obamacare totally implode
-- which it's doing right
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now anyway -- that would
be, from a political
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standpoint, the best thing
we could do is to let it
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implode, and then people
will come begging -- the
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Democrats will come
begging to do something to
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help them out of the jam.
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Once we start doing it,
we sort of inherit the
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problem, we take over the
problem, it becomes ours.
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But it's the right thing
to do for the
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American people.
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I think allowing this to
go on -- this disaster to
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go on -- is a mistake.
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So I'm asking Secretary
Price to work with you to
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stabilize the insurance
markets and to ensure a
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smooth transition
to the new plan.
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And the new plan will
be a great plan for the
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patients, for the people,
and hopefully
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for the companies.
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It's going to be a
very competitive plan.
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And costs will come down,
and I think the healthcare
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will go up very,
very substantially.
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I think people are
going to like it a lot.
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We've taken the best of
everything we can take.
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It's our hope that
Democrats will stop the
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obstruction and
resistance.
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And that's what they have
-- in fact, they have a
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sign, "resist, resist."
They want to resist
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everything, including
Cabinet members.
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I have many Cabinet
members that haven't been
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approved yet, people that
are extraordinary -- all
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of whom are going to be
approved, but they
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just take forever.
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It's called
obstruct and resist.
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Hope I didn't give them a
new phrase, because their
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real phrase is "resist."
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I think I just gave
them another word.
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I shouldn't
have done that.
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I'm good at branding.
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(Laughter.)
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You're going to see them now come out,
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"obstruct and resist."
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All right, well, at least
I can take credit for it.
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And they worked with
us, and we are going to
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hopefully work with
the Democrats, because
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ultimately we're all
people that love this
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country and we want to do
the right thing, including
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reforms like expanded
healthcare savings
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accounts, state
flexibility, and the
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ability to purchase
across state lines.
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The state lines are so
important for competition.
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Everybody has wanted
to do it for years.
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What's not to do?
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So that's going to
be very important.
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I want to thank you
all for being here.
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I want to know and I want
you to know that it's an
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honor to do
business with you.
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It's a great honor to have
you in the White House.
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And we look forward to
providing healthcare that
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is that is extraordinary
-- better than any other
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country anywhere
in the world.
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And we can do that.
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We have the talent, we
have the capacity, and we
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have the people.
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So we'll work on
that together.
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And maybe before the press
leaves, you can just
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introduce yourself and
your company, and the
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public will get to see
what you're about.
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And then if things aren't
working out, I'm
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blaming you anyway.
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(Laughter.)
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So we'll start with Brad.
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Brad Wilson: Thank you Mr. President.
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I appreciate the
opportunity to be here.
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I'm Brad Wilson, president
and CEO of Blue Cross and
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Blue Shield of North
Carolina, and pleased to
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represent our 3.9 million
customers here today.
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The President:
That's great, Brad.
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Great job.
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Mr. Bertolini: Mark
Bertolini, chairman and
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CEO of Aetna.
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The President:
Aetna -- good one.
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Participant: And I also
represent America's
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health insurance plans.
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We represent all health
insurance plans in
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Washington, D.C.,
including the plan to
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cover Medicaid
managed care.
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The President: Great.
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Mr. Broussard: Bruce
Broussard, CEO of Humana.
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Mr. Garrity: Pat Garrity,
I'm the CEO of Florida
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Blue, the Blue Cross Blue
Shield plan in the
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state of Florida.
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The President: Great.
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Mr. Hemsley: I'm Steve
Hemsley from
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UnitedHealth Group.
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We're a diversified health
care company of about
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230,000 employees.
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We serve about 120
million Americans.
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And we are contributing in
terms of the jobs we've --
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35,000 in the last five
years and 10,000 in
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the coming year.
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We're a mission-driven
enterprise, help people
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live healthier lives, and
make the system
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work for everyone.
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The President: Good,
thank you very much.
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Mr. Cordani: Mr.
President, David
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Cordani from Cigna
Corporation.
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We're a global health
service company.
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Mr. Serota: Scott Serota,
Blue Cross Blue
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Shield Association.
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We represent 108
million subscribers.
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The President: 108
million, that's a pretty
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big deal, right?
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Mr. Serota: Yes, it is.
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The President: Pretty big.
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Mr. Swedish: Good
morning, Mr. President.
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I'm Joe Swedish
with Anthem.
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We're in 14 states,
representing 40 percent of
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the American public.
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We have 40 million
members, and we've been
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involved in the individual
(inaudible) for probably
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seven decades, and deeply
embedded in the Affordable
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Care Act situation that
has evolved over the
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last three years.
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I don't want to miss the
opportunity to thank you
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for the swift and decisive
action that occurred most
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recently regarding some
adjustments that have
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occurred in and around --
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The President: We had to step in.
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Mr. Swedish: Thank
you very much.
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The President: It was
going to be an implosion.
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We had to step in.
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Thank you for saying that.
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Mr. Swedish:
Thank you, sir.
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Thank you.
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Mr. Tyson: I'm Bernard
Tyson, chairman and CEO of
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Kaiser Foundation Health
Plan, better known as
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Kaiser Permanente.
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We cover 11.7
million Americans.
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We also are an integrated
delivery system, so we
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both provide the
coverage and the care.
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We have Permanente medical
groups that contract
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exclusively with Kaiser
Foundation Health Plan.
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And we're proud to care
for 11.7 million people.
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The President:
Thank you, Bernard.
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Mr. Hilferty: Mr.
President, I'm Dan Hilferty.
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I'm based in Philadelphia
with Independence Blue
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Cross, Independence
Health Group.
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We're in 32 states and the
District of Columbia and a
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large Medicaid managed
care population.
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We're the only player
on the exchange in the
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five-county
Philadelphia area.
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And again, I'd like
to echo Joe's point.
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We were thrilled with the
initial steps to
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stabilize the market.
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We look forward to working
with you, Vice President
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Pence, Secretary Price in
making sure that we have a
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sustainable program
for years to come.
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So thank you.
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The President: Well,
thank you very much.
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And the market, as you
know, and we talk about
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stabilizing the market --
the market is disastrous.
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It's going to
absolutely implode.
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That's why we're
meeting today.
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And I think we're going
to come up with something
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where not only will the
market be great, but the
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people are going to
be taken care of.
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So we will work that out
I think quite easily, actually.
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Thank you very much.
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Thank you, everybody.
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