avik roy, grace marie turner. thank you both, very, very much. >>> now, here's another gem from the president's news conference today. >> how do you expect americans to have confidence and certainty in this law if you keep changing it? this one here, this new waiver last night, could argue you might as well have just delayed the mandate. >> well, no, that's not true because what we're talking about is a very specific population that received cancelation notices from insurance companies. >> very specific? we're talking about 6 million cancelations. is this going to fly politically? time to focus on the politics of all this with our free market panel coming up next. you know what, i said from the beginning that the republicans should have attacked this thing by delaying or overturning the individual mandate. they didn't listen to me, and they got in trouble with the shutdown. >>> later in the show, the bernanke rally continues today on wall street. this was the third best week of the year for the dow. but how long w

avik, wherever you are, thank you for helping us. and professor john cochrane at the university of chicago, very interesting free market stuff. now, while the pope speaks out against capitalism, catholic leaders still have to ask the rich for major donations. how's that working out? timothy cardinal dolan spoke exclusively with cnbc today about all that as he asks new york's top billionaires to help rebuild st. patrick's cathedral, which needs a lot of help. we're going to hear from cardinal dolan next up. and later in the show the new year brings in a raft of new obamacare taxes. you probably don't even know about them but you're going to know because we've got grover norquist coming on the show. he's going to talk to us present, future, and current taxation. the most egregious thing i've seen. don't forget, free market capitalism's still the best path to prosperity. go back and read professor john cochrane's "wall street journal" op-ed piece. it is about free market health care, which is what i favor. i'm kudlow. stay with us. we'l

here to break it all down, manhattan institute avik roy and byron york, "washington examiner" fox news contributor. byron, let me start with you. 70% say they will not participate. why? >> what the "washington examiner" found there were $104,000 in california. about 70,000 of them will not take medicaid patients. under the expansion of medicaid is a big part of obamacare. the big reason california pays even less than federal medicaid reimbursement rates. richard pollack found that the other states doctors get $76 in office visit. in california they get $24. other states they get 500 to $700 for tonsill he can toe my, in california they get $160 a lot of doctors say it is not worth it. the other problem, obamacare will be more thousands people on medicaid. it is expanding medicaid to make more people eligible for it. more medicaid patients, fewer doctors that could be a crisis. melissa: california isn't alone. new york state medical society, 44% of the doctors said they aren't participating. 33% say they aren't sure. is it fair to say it will be a nationwide problem? >> it will be natio

. >> and yet, avik, at these moments i turn to you, this is what rand paul, i guess a libertarian, teay issue about long-term unemployment benefits. he said, "i do support unemployment benefits for the 26 weeks they're paid for. if you extend it beyond that, you do a disservice to these workers. when you allow people to be on unemployment insurance for 99 weeks you're causing them to become part of this perpetual unemployed group in our economy." huh? >> that's true. just like you were talking act, the longer people are on unemployment benefits and out of the workforce, the less the employers are likely to hire them. surveys show this. >> the answer is to cut off their entire income? how does that help them find a job? >> there are other federal programs who help people besides unemployment benefits. >> welfare rather than -- >> there are 32 anti-poverty programs in the government. >> i want to back up. conservative doctrine is to pose those programs, too. right hand paul and others, they're not in favor of what they consider welfare, but you're saying take people off unemployment insu

avik roy, m.d., is a senior fellow at the manhattan institute for policy research. as you saw on the first panel, pursuant to the rules of the committee, would you, please, rise, raise your right hands to take the oath. do you solemnly swear or affirm that the testimony you are about to give will be the truth, the whole truth and nothing but the truth? please be seated. let the record reflect all witnesses answered in the affirmative. dr. roy. >> chairman issa, ranking member cummings and members of the oversight committee, thanks for inviting me to speak with you today about the affordable care act. my name is avik roy, i'm a senior fellow at the manhattan institute for policy research in which capacity i conduct research on health care and entitlement reform. i'm an advocate of market-based, universal coverage. i believe that the wealthiest country in the world can and should strive to protect every american from financial ruin due to injury or illness. furthermore, i believe that well-designed, subsidized insurance marketplaces are among the most attractive vehic