the subsidies do not flow to the catastrophic plans.ive than the catastrophic plans. >> they say anybody can self-determine in a hardship situation. you're in a hardship situation and you can get one of the plans now and that's a self-report. >> you determine if you are in a hardship situation. >> they are trying to dodge news reports and a massive ground swell of people saying i lost my plan thanks to obamacare. now i have no coverage. i have a catastrophic situation uncovered thanks to the law. will it work? >> though. the catastrophic plans are actually comparable in price. people won't save money. the people who find plans unaffordable will find catastrophic plans unaffordable also. they have to cover pregnancy and maternity and other things. >> also the risk pools assumed there would be healthy people in it. they have taken all the people on this catastrophic people out of the risk pools again, hurting the risk pool for the insurance company which we may say who cares about the insurance company, but it undermine it is law. it incr

he suggested that catastrophic insurance was veable. i asked the septemberor if he feels vippedicated by the change of heart from the president. >> it was a late night announcement to hide it from the press. he is once again changing the health care law. the catastrophic coverage is helpful and the president said it was awful. but now he is admitting that dow to the hardships because of the health care law, it is okay to have catastrophic care. it is the kind of thing that helps people to avoid bankruptcy or loss of house orchids quitting school because of a terrible health insurance. the president was arguing and disagreeing with republican ideas. and in the last week he embraesed. >> last week he called it junk insurance and was not adequate and did not take care of people's needs. it is hard to understand what obama care is going to be. it changes every week depending on the political circumstances. does that give republicans more ammunition in 2014 to push for source changes in the obama care. >> i want to make sure people have the

normal catastrophic plans because normal catastrophic plans are inexpensive, but obamacare catastrophic plans are so heavily regulated they still have to cover your drug addiction therapy and maternity benefits and all that stuff. as a result, the catastrophic plans under obamacare are not that much cheaper than the bronze plans in the exchanges. in some cases, they're more expensive. you can't get subsidized coverage through the catastrophic plan. >> i didn't know this. grace marie, you'll be with me in one second. hang on a second. you're saying these people who got this exemption today have to buy the catastrophic plan on the obamacare exchange? they can't go to an insurance company and get the best deal? >> well, they're both the same because obamacare regulates what an insurance plan can be, whether inside or outside the exchange. so even if you shop outside the exchange, the costs are still going to be higher. >> all right. grace marie, i don't understand how you can keep this exemption, people with cancelation notices and the others don't have that. they don't have that. they can

an old catastrophic plan in california costs you $92 a month. but under the bronze cheapest plan on the exchanges, it is $205 a month. and it is under the provisions of the affordable care act. and called essential by the community reading and as a result the cost of a new catastrophic policy in california is $184 a month. it is more than twice as much as it used to be and almost as expensive as the cheapest plan in the exchange. >> the white white expect it to be 500,000 people. but 5 million people got those cancellations letters, so do you understand their math? >> i don't. because 5 million policies, over 5 million cancelled. several hundred thousand and most of those people are enrolled in the exchanges in the beginning of december. it is unlikely four and half to 5 million registered in the exchanges. i don't know where they come up with the 500,000 number. they may avail themselves of this. if that is the case it is over four and half million people who lost their coverage and not gotten it through the catastrophic or the exchanges. >> we

the uncle of kim was shown no mercy after he allegedly drove the economy into an uncontrollable catastrophe and perpetrated thrice cursed acts of treachery by failing to clap enthusiastically for a supreme leader arranged nephew dear leader kim jong un had also show no mercy no remorse no pity when he had his ex-girlfriend and her girl band mates machine gun down after they sang some music which annoyed him i know what you're thinking thinking you're. like an american high school student snarky bad music loving chubby. who doesn't hesitate to machine gun down his friends family or passer bys just because why the frick not but those chubby little mass murdering high school students in the america look a lot like these so-called adults who also run the economy isn't this true isn't this true stacey well yes i like the reason that kim jong un gave for executing his uncle is that he calls the uncontrollable catastrophe of the economy and you see that in our own western economies. it's not the leaders of the countries that are to blame it's all the other the people are they have austerity inflic

so, it's been a catastrophe for healthcare and for the economy at large. think of how many workers now part time we have a record number of part time workers because businesses are afraid to grow and get above the 50 employee threshold. it's just a disaster. and, it's been-00 american people are now having to interact with it. it's a lot bigger of course than just the web site if you are fortunate enough to get on. you are going to find you don't have very good choices. >> if it were and i don't think it's going to be. if it were repealed can we back up in light of where we are right now. you know, it's almost mid december. is there a way to sort of back up and not completely turn things over even worse than we are? >> we need to pull it out root and branch and start over. now, the president just yesterday said he is not going to let that happen. >> no, i don't think he is going to let that happen. >> he said i'm going it spend the last three years, maybe he is not planning on doing much else, but is he going to protect this monstrosity. he is insisting ve

as the catastrophic nature of the website, if this were to happen? >> and it is what is happening. i think we're seeing, as the people that are going to the website, 60 or 70 times to sign up, where clearly the sicker people who need and want insurance immediately, that leads to what to me is an insurance death spiral with only the sick folks signing up. so then the cost will go higher and higher and i think that the president is going to then try to unilaterally bail out insurance companies with the taxpayers' paying for it. but i'm calling to actually remove the entire industry mandate, the president unilaterallydy it with the employer mandate, delaid that -- delayed that for a year. the individual mandate is the most unpopular part of the law where the government says you have to buy a product and it is a government approved product that for many people is a product that people don't need or don't want and will never use and can't afford. and you talk about these junk policies, at least the way the president described them, so we have a rancher in

executing his uncle is that he calls the uncontrollable catastrophe of the economy and you see that in our own western economies. it's not the leaders of the countries that are to blame it's all the other the people are they have austerity inflicted upon them they're sent to gulags of of work camps at tesco for free for example but the other thing that is very similar here that we see over in north korea is this airbrushing from history because jang has been airbrushed out of all the public documents the state documents of north korea so let's look at this first headline from the u.k. where we see some airbrushing happening government high risks of controversial help to buy scheme ministers are refusing to publish the government's own risk assessment into its flagship housing policy it emerged last night triggering suspicions that they are trying to cover up official warnings that the scheme will endanger the british economy yeah i tweeted about this said ha ha ha you limey plugs we tried to tell you which we warned you so the government is not publishing what we have been reporting on

if they qualify for the exemption, they can buy the catastrophic plan. a low cost option that was only available to people under 30 with a limited income. hhs estimates catastrophic coverage covers about 20% less than other plans. the so-called bronze plan. if people go without insurance, it means they don't have to pay the penalty. the trigger that was supposed to force people to abide by the individual mandate. the rule change sets off alarm bells with insurance companies concerned about low enrollment. the health insurance trade association said this. the latest change could cause significant instability in the market place and lead to further confusion and disruption for consumers. hhs said the plan makes sense. this is a common sense clarification of the law for the limited number of customers whose plans have been cancel and are seeking coverage. this is now one more option. don't forget the political angle. the administration has been under pressure from senators who said the president had not done enough to help people who lot of coverage. a lett

most have been upgraded to prevent catastrophic deaths. it's the lowest possible >> and they might need to be torn john. by the way, this was lori johnson. this is our risk analysis and has done work to reconstruction especiallily in kobe and post katrina. >> thanks for joining us >> you are going to be coming to the caps meeting. >> i am on the advisory committee. >> most of san francisco of densely built and not very tall. >> what is the relationship of hazard between large buildings and the typical san francisco low rise? >> most large buildings are structural steel buildings and they do well in earthquakes. there's a class there were popular in the 50's and 60's, there's a lot of apartment buildings, about 10 or 15 story tall. they are the worst class to be in. those midrise buildings >> how many of those do you think there are? >> about 500 plus or minus 200. >> we have seen how they perform. for example, in mexico city. >> they look like stacks of pan cakes. they built row after row of these concrete buildings and mexico city is buil

catastrophe. well it's social engineering and command and control just like we see in north korea and it's caused in north korea an uncontrollable financial catastrophe so people must die because kim jong un and his family will not look at it take blame for it just like here now one thing a similar response i see in dubai and this image right here which is a billboard from a property company called keep calm there's no bubble this is a good idea for george osborne he should import them into the u.k. . every culture has its own flavor of propaganda and i guess this billboard works to get these suckers buying into that real estate bubble here they have to have like mary berry bake a cake in the form of a real estate development she's going to some of the chinese or paul hollywood do some christmas jingle for gone call django before that thing blows up in their face an exploding coke. real estate nightmare concatenation of all day no equity well remember in the two thousand and eight crisis it was du

increase yet again the banks will need another bailout they will have caused an uncontrollable catastrophe but it is us who will get the blame who have to pay the costs are all on the whole gang now we're all equal jang the fate of uncle jang awaits us all. well a string of independent housing experts have publicly warned that help to buy launched by george osborne in this year's budget to give people a lift on to the property ladder will overheat the housing market and detonate a bomb under the british economy yeah they use that language detonate a bomb detonate a bomb a financial bomb sounds like you know car bomb or suicide vest or suicide banker or financial terrorist i mean except that it's not just a matter metaphor it's real they're causing wide scale social catastrophe it's. well it's social engineering and command and control just like we see in north korea and it's caused in north korea an uncontrollable financial catastrophe so people must die because kim jong un and his family will not look at it take blame for it just like here now one thing a similar response i see in dubai a

if they buy a catastrophic policy or decide to opt out entirely.o keep in mind is that health plans set their premium rates months ago based on an assumption about when people were going to to be coming intoe market, who was going to be able to buy catastrophic policies, who was going to buy coverage in the marketplace. changing these rules at this change completely throws those systemses out the window. jenna: your organization is saying to consumers if they don't get their premium payment in, they have until the 10th, and they'll still have coverage. how concerned are you that this is just plain too confusing from the government side, from the insurance side for consumers to actually do this and do it correctly? >> well, that's a great question, and let's explain why we made the decision that we did this week. we said this week was that, you know, consumers have until january 10th to pay their premium and have coverage start on january 1st, and the reason we did that is because of the various deadlines of when people had to pay. we were hearing f

and if you have a heart attack during that period when you have when you're not insured it's a catastrophic event for you and all the other nations of the world all the other industrialized nation of the world don't have this problem with the only one left. gambling you said i'm quoting you there are compelling reasons for patients to opt out of obamacare medicaid and even medicare exclaimed and how would you respond to the fact that sure we are we lack so far behind other countries and in providing health for all of our citizens well i don't think that we do i think everybody more or less with very few exceptions get health care and the issue is health insurance or obamacare or some sort of a card like a medicaid card doesn't guarantee you access to health care it just says you got this card and then the conditions apply how are things actually going to get paid for and who is going to be participating in the plans if for example if you have medicaid you're not going to see very many private physicians in new york i can tell you that so medicaid is horrible insurance yet that is part a big

so, it's been a catastrophe for healthcare and for the

this is, chris, i'll be very candid with you, this is catastrophic for the safety and the security of the american nation, what this very narcissistic young man has done. >> and to that degree, is it a good insurance policy and should the lesson be, lay off snowden because you don't want this doomsday cache to be revealed? >> no, i wouldn't think that's right either. so, that's a bit like a negotiating with terrorist,

he believes a series of mishaps may have led to the catastrophe, and his story has been critical to the investigation, a story he first told on 60 minutes. >> all the things that they told us could never happen happened. >> what he's saying is very important to this investigation, you believe. >> it is. >> who's responsible? >> bp. [watch ticking] >> my parents are my best friends. they're all i had. my life ended that day. bp ruined my life and ended my life that day. i had to start all over. >> eva rowe's parents were among the 15 who died that day in texas city. it was the worst workplace accident in this country in 16 years. >> these things do not have to happen. they are preventable. they're predictable, and people do not have to die because they're earning a living. >> welcome to 60 minutes on cnbc. i'm leslie stahl. oil is the engine that drives our economy. and as oil becomes scarcer, the push to discover and develop new sources becomes increasingly dangerous. this edition examines two recent disasters in the oil industry with a great deal in common: the deepwater horizon rig in

now eligible for hardship exemption from the requirement to have coverage by january 1 buying catastrophic coverage a cheaper, bare-bones plan that covers major issues. it is expected to be busy for exchanges with the deadline on monday. >> next, the "duck dynasty" controversy is getting more

triggered a gas leak but thankfully firefighters managed to prevent what could have been a larger catastrophe they say.

catastrophic policies now back in play.now had a sense, it's all been theoretical. yes, you have to sign up and trio choose a policy, but it hasn't really affected people yet. starting january 1, it does because if you were sick or you want to go see a doctor, you wonder, do i have a policy or don't i? maybe i haven't gotten one of those cards yet. do i go see my old doctor? do i see a new doctor? this is really where the rubber hits the road starting i guess january 2 when people have to go get health care. the fact that they are -- what is today? the 20th? 11 days before the start of the new year that they're still horsing around and trying to find new things. it just raises the question, is a delay really such a bad idea? >> such, exactly. chris, we have breaking news. it was embargoed until two minutes ago, apparently on tuesday, the house oversight committee spoke with theresa fryer, the chief information security officer over at cms, the centers for medicare and medicaid services. she said that she did not support the

this catastrophe that is waiting to happen will be a catastrophe that is happening. >> jordan, let me ask you this. you are very familiar with the law, trying to get it up to the united states supreme court. >> sure. >> was there ever a plan to, you know, create incentives for young people to go to medical school? >> that's one of the big problems, judge, as the doctor just said. what are the incentives for young people to join immediately, and pay these fees they've never had to pay before, which is so necessary and the process is so difficult? we're assuming right now it's something that works. maryland news just reported one of the 16 state that is tried to do this on their own just resigned. we're actually seeing people quit running these state exchanges because they're done so poorly. what are the incentives that the young people that the system needs? as a doctor said, people know. they're losing the doctors they want to see, they're no longer able to get to them. and on top of that, we don't have enough doctors. we've got the legal challenges, by the way, judge,hich are not don

i've been living with the greatest catastrophe in human history for 15 years. i live with young men dying young every day. i know it affects me. it breaks my heart. every day it breaks my heart. i tried to use it as a propulsion system. i tried to use this calamity, both individually and globally as a means of harnessing the energies and talents as a writer in order to convey 70 years later what it was like, what it costs, what it meant. click courtney hodges, every once in a while i want to close the door of my head down on the desk, but we soldier on, don't we? so i do believe there's actually a name that god the vista really and emotionally. but i try to use it effectively to my own purposes. at that time for two more questions than told. the maxtor. >> yes, hi. i'm currently in the midst of another war trilogy, show he put civil war narrative. if i were to take on your trilogy, what would i find that was similar and what would i find that was different? >> thank you. and mind you would find such a. [laughter] but, i love shall be further. i go back in rerea

we don't expect a lot of them will buy catastrophic plans.don't provide as many benefits as you would see elsewhere. but we want to make sure people know they have this option so everyone who wants to get covered by january 1, whether catastrophic or, you know, hopefully one of the better plans on the marketplace, we want to make sure there's not any gap in coverage, everyone has a place to go. >> jen, can you guarantee if people enroll today, tomorrow, and pay their premiums by january 10th i believe it is, that they will have coverage by the 1st? they won't be turned away from a doctor's appointment. they will actually be able to get medical coverage by the 1st. >> that's certainly our goal. we're making every effort -- that's what we're making every effort to do. we can guarantee health and human services and the insurers are doing all they can to make sure that that comes to fruition. i'm sure that as happens once we get to the private market, and this is a relationship between the insurers and enrollees, there may be -- i wouldn't be pri

actually suffered from a catastrophic or near catastrophic cyber attack so the point is this we may be looking at bombings happening on what would have. to be the transport infrastructure but we shouldn't close our eyes or minds to other forms of terrorist attacks not least a cyber attack are i thank you for bringing that to the point but talking about terrorist attacks we know that all of them aim to. basically to scare people but what in your opinion has to be done to try and ensure there's minimal panic. well it is very difficult isn't it goes terrorism as we know it in terms of bombings and terror as you've seen in the last forty eight hours of volgograd has its origins way back in the eighteenth century or in the french revolution it was designed to put the capital and people in terror but remember this terrorism doesn't someone to rely on the bang and it relies on the fear of the bank and so the terrorists whoever they are concentrate on obvious targets and i is quite clear that even though both are gratis some four hundred miles away from the site of the winter olympics it is th

it had a catastrophic in case he got in trouble. it goes from $331 to $833. back to his letter. and the deductible even went up from $11,000 to $12,700. so this notion that people have to get out of these plans because their deductibles are too high, the one that's acceptable based on obamacare and this topdown approach is now a higher deductible. john says my family simply can't afford this plan. here's rachel. i'm sorry. here's sara from raymond, ohio. so sara writes -- and these are painful. these are painful. but sara writes i am literally crying right now because of our insurance. my family's new monthly costs starting january 1 is $323.82 biweekly and $647.64 a month, a difference of $420 from what we currently pay, and the new plan offers less with more out-of-pocket expenses. the a.c.a. has failed and it is hurting my family, not helping. here's chuck from westchester. i tried to give this health care thing the benefit of the doubt. i went to the web site and all the estimates are more expensive than my canceled policy. my canceled policy was not only cheaper, it was bet

>> well, the administration has said that people can qualify for the catastrophic plans. but people could still decide they might look at a catastrophic plan and decide this isn't really the coverage i want. and they might decide to try to qualify for a subsidy. they may or may not qualify for the medicaid expansion. so there are other options for individuals. and it is unclear exactly what they're going to do. >> mary agnes, if you step back and look at the whole health care, the structure of health-care reform, does this affect that? does it-- do the marketplaces work, do the economics of it work when you take this change and all the other changes the administration has made. >> also's talk about this change, if, in fact, it is a group of people, around 500,000, how much of an impact would that make when the expectation is that 7 million people will get coverage in 9 exchanges, and another separate group, i think around 7 million get coverage in medicaid? so it's sort of unclear exactly to know how this particular change will affect them. but the employer mandate, for e

warning of catastrophe off the coast guard off these rivers to ship toxic fracking waste came out for the program snowden strikes again with a new leak reporting that shortly. with the n.s.a. targeting russia just weeks after sweet was found to be others as well this just. tried to tell you we warned you so the government is not publishing well we have been reporting on this show that they have to buy well because more than one hundred percent guaranteed a crash in the real estate market and people will be underwater negative equity and the banks will need another bailout and the wealth and income disparity will increase yet again. the syrian. armies reportedly liberated key districts in the city of andrew which as it seemed witnessed atrocities described as the most barbaric since the war started almost three years ago local residents of told r.t. that adults and children were tortured and beheaded by the taliban of islamic rebels who tried to seize control of the area some estimates put the number of civilians killed at around two hundred a crew from artie's arabic channel is there

warning of catastrophe after the coast guard offer to use rivers to ship toxic fracking waste. the syrian army has reportedly liberated key districts in the city of which has it seems witnessed atrocities described as the most barbaric since the war started almost three years ago local residents have told r.t. that adults and children were tortured and beheaded by a battalion of islamic rebels who tried to seize control of the area some estimates put the number of civilians killed at around two hundred a crew from marty's arabic channel is there. when dawn was breaking over our drug news or a front in the army of islam gave a signal for the fighters to a time they came in hundreds making use of bad weather and the element of surprise over government forces you to say you are after fierce fighting with the syrian army the rebel factions achieve their objectives with the city soon falling into the hands of those who the residents of the city have dubbed the decapitated years . how their friend of mine told me that he claims he was insane in order to save his life and avoid the mi

report about companies in the us catastrophe to come to the coast guard offer to use rivers to ship toxic waste. coming up in the program he is snowden strikes again with a new leak norway's been caught conducting covert surveillance with the n.s.a. targeting russia just weeks off the sweet was found to be not as well as just to. try to tell you we warned you so the government is not publishing well we have been reporting on this show that they have to buy scheme well cause more than one hundred percent guaranteed outcome a crash in the real estate market and people will be underwater negative equity and the banks will need another bailout and the wealth and income disparity will increase yet again. well again the syrian army's reportedly liberated key districts in the city of address which as it seems witnessed atrocities described as the most barbaric since the war started almost three years ago local residents have told r.t. that adults and children were tortured and be headed by a battalion of islamic rebels who tried to seize control of the area some estimates indeed put the number o

is absurd and that's why it's become so expensive we should have a system of perhaps universal catastrophic health care coverage and then everybody pays for their routine care out of pocket then we would have a rational system true insurance when you really need it and then individuals assume responsibility for routine expenses this would drive costs down this would stimulate free market changes in the health care system with doctors and hospitals and other providers competing for health care dollars and it would open up the system to true competition and this is what they support this is the system that we had before the third party system dominated which began with employers sponsored health care dr benjamin how would you respond to that seems very sensible yeah well that's assume we had last of people who die we had lots of disparities in health care medicaid actually is a decent insurance we know that people when they get medicaid mortality goes down we know that children who go on medicaid are able to go to school they have less days out of school we know kids who get dental insurance

chewing pouts this is the 0 mother expansive standard it has a diagnosis of catastrophic illness like with hiv. on the other hand, the other standards are less restrict active because the diagnoses is along with the person being disabled. it's a question of limited resources how expansive do you want to be >> so you're saying the language now is the most expand. >> the cat tropic. >> i'd like to look at other folks that we take care of those individuals that are suffering from a life-threatening illness and that's a boarder category than defined. >> it's a slightly complicated issue as was mentioned. for example, in this case the life-threatening illnesses can have a doctor giving you a letter with a hiv illness. so if it's the intent to allow someone with prostrate cancer who is not sdblthd to oversee the 5 year special time for those individuals diagnosed with a life threatening illnesses with a disabled. let's talk about other issues mr. city attorney on the 0 substantive language >> i'll recommend dealing it in afternoon. you can scale back to where we're at today. i would say on

meanwhile, americans have just a few more days to buy policies, catastrophic or otherwise, in order toe coverage beginning january 1st. >> california that does the right thing that makes a good-nait effort to get in by the 23rd, we're going to get them across the finish line. >> covered california represent tiffs will be staffing call centers this weekend. today there were 30-minute hold times. >>> in other insurance news, state regulators today okayed a ruling to let allstate insurance give special breaks to highly-educated and highly-paid drivers. now, the state has allowed other insurers to offer this deal to so-called. the advocates denounced the decision saying it violates proposition 103, the insurance reform law, which bars insurers from discriminating against those without high-income jobs or advanced degrees. >>> and with only five more days until christmas, let the 24-hour shopping begin. kohl's opened at 6:00 a.m. this morning and will stay open for more than 100 straight hours until 6:00 p.m. christmas eve. macy's and k-mart are doing the same at some of their stores. toys

just last week, they added in a new policy that people would get for catastrophic health care.n the nsa, the same thing. i think they're making it up as edward snowden releases a new document every other day. >> pat? >> a lot of it has to do with the nsa. the president's numbers started falling immediately when the numbers came out, the results, with snowden's revelations. they said this is too much. obamacare, that certainly is another aspect of this with big government. young people have taken a real turn. they're the most suspicious. they are really the most offended by what's happening with the nsa. when you mentioned the document dump, this is unbelievable that the president said. his own commission said there are problems with this. and the dump they had to do was disturbing. and it's not going to get better. we have numbers on this on big government. people are frightened of big government now. >> the highest number of people fear big government since 1965. >> that's bad news for the president. that's for sure. >> and the democrats, with the senate in 2014. think about i

around jonesboro, arkansas, they're calling this catastrophic, level 5.y're seeing the freezing rain moving into this region and this is what i want to point out to you. there is actually a marathon, a st. jude's marathon in memphis tomorrow morning. it has not been canceled at this point in tile. there's 20,000 people expected to move in and out of this city. just imagine the danger of these people commuting in and out with the dangerous ice storm under way. kate? >> all right, indra, thank you so much. we'll be back with you throughout the show. let's talk about the jobs report. it's scheduled to be released this morning. and economists are optimistic on what we'll be seeing. but that's really only part of the story. christine romans is here with more on that. >> hi there, kate. let's talk about the jobs report in a moment. your economy is three things, jobs, investments and housing. we think of it as the three corners of the triangle. you need all of those for your personal finances and to grow your wealth. small businesses, they seem to be hiring more