welcome, professor jost. >> thank you, all. the title of today's hearing is small business in ppaca. if they like their coverage, can they keep it? this was realized in section 1251 that if you like your plan, you can keep it. but notice the aca's commitment is to individuals, not to employers. it is not if you currently have insurance through your job, you're stuck with that insurance no matter how it changes. it is, if you, the employee, as individual enrollee like your coverage, you can keep it. in fact, most employees do have insurance through their jobs and they give employers considerable flexibility to change their plans without losing grandfather status. employers can change their fo formularies and co-payments and out of pocket contributions. they can introduce their own contributions to premiums by as much as 5%. they can add new employees and new dependents. of course, if the plan changes too much, it ceases to be the plan it was. it's probably no longer the plan the enrollee liked and grandfather status is lost. the

welcome, professor jost. >> thank you, all.e title of today's hearing is small business in ppaca. if they like their coverage, can they keep it? this was realized in section 1251 that if you like your plan, you can keep it. but notice the aca's commitment is to individuals, not to employers. it is not if you currently have insurance through your job, you're stuck with that insurance no matter how it changes. it is, if you, the employee, as individual enrollee like your coverage, you can keep it. in fact, most employees do have insurance through their jobs and they give employers considerable flexibility to change their plans without losing grandfather status. employers can change their fo formularies and co-payments and out of pocket contributions. they can introduce their own contributions to premiums by as much as 5%. they can add new employees and new dependents. of course, if the plan changes too much, it ceases to be the plan it was. it's probably no longer the plan the enrollee liked and grandfather status is lost. the de

a lobbyist jost but i'm going going to make it.uccessor den e hastert was a high school wrestling coach. not meaning they weren't qualified and also not that michele bachmann is qualified for the nation's highest office but i am saying if herman cain can be considered a serious contender for president base on a record of running several pizza joints why shouldn't a woman who not only worked as a lawyer but manage add home raising more than 20 children be considered a serious contender as well and not dismissed as a flake. >> are you arguing that michele bachmann as a flake is tied to her experience or to her policy? >> i think a little of both and i think we've seen this before if you're an attractive woman. cuts both ways. sarah palin and michele bachmann have gotten more break because they are attractive women but i argue they're not taken as seriously. is sarah palin that much intellectually inferior to george w. bush or michele bachmann to herman cain? that's been made. >> i agreeshgs but idiotic poli

jost said earlier the large firms, they're not worried about it. it's probably not even on their radar screen. that's just the cost of doing business for them, but again, it's clearly, in my case, going to create more part-time jobs, and frankly, people more dependent on the government and i will be cutting even more jobs. >> do you feel you might have to cut wages also? now, especially, of course, we have minimum wage, but as far as like potential increases in wages, do you think you may have to draw back on that as well? >> i think so. obviously, someone mentioned earlier that wages should be a function of competition in the market. and i think those of us that are in this business, we're all pretty much in the same situation. we're in a pennies business, and our margins, literally, you know, we said this thing about burger king and people look at us as very wealthy and very rich. out of a dollar, we keep less than a dime at the end of the day. and so there is just no way we could afford it, absolutely none. >> thank you, mr. vaughn. and my last