Well, in fact, that didn't happen. All the sick people signed up. The healthy young kids said, no, I don't need health insurance. So they didn't. And that's why All the insurance companies are pulling out, because it just doesn't make any sense. Wesley Kasich from Ohio came up with this big reinsurance. Everyone knows what reinsurance is, that behind insurance you get, you get someone else who then reinsures the loss. (12:53–12:59)
CLAIM
Asserts that insurance companies are withdrawing from the market due to the imbalance in sign-ups under the Affordable Care Act.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
