in some other countries which are seriously underinsured where it is government insurance, it takes a get those economies back. that is a lesson that governments have learned all around the world. >> where is the commercial opportunity here? >> the commercial opportunity for lloyd's being very lloyd centric is 40% of our business comes from the united states. 20% u.k. 16% continental europe. both of the rest from the english speaking world. business is growing in these developing countries. if you go from the west, you talk about brazil, mexico, africa, eastern europe including turkey, india, china, southeast asia, that's where growth communities are and we recently launched vision 25 which is a strategy and vision to make sure that lloyd's really increases its footprint. >> how do you do that? you rely on a network from that country back to lloyd's. how do you persuade an underinsured to say insure with us rather than going to a global reinsurer. >> the insurance market is highly competitive. lloyd's has a number of advantages. one is we're not a company. therefore we have a huge con

they didn't have insurance or they were underinsured.n like that. >> in particular cases we had storms in the northern bay area, northern california, one of the things you want to know your homeowners insurance covers specific things, covers things for wildfire, theft, liability coverage. one of the things it doesn't cover is damage from flooding, flood damage is separate. that is from fema. it also doesn't cover earthquake damage and that is something very important in the bay area. you want to make sure what your homeowners covers. find out what policies complement each other. >> and i was thinking about the horrible situation in san bruno. how could that be covered by insurance. >> it's one of those things that insurers will take a look at typical risk do. all the math and they come up what is and isn't covered. an explosion is covered. you have pg&e who is responsible for that whole process going through and finding where the money is going to come to rebuild those homes. >> cheryl: renters, there are millions of renters and not that

of working adults are not covered by insurance. 84 million adults are considered uninsured or underinsured. that's up from 61 million in 2003. the news was better for young adults, who can now stay on parents' insurance plans until the age of 26. about 2 million more adults were protected due to healthcare reform. meanwhile, a shift is happening for health industry workers. cost-cutting measures are demanding more from the highest- and lowest-skilled workers, forcing out midlevel healthcare jobs. talks between nasdaq and the nyse to set up an exchange for the wealthy are not ringing a bell with retail investors. the exchange would be set up for small public companies and would be available only to high- net-worth investors. it's an effort to drive capital to small and emerging public companies, according to an sec advisory committee co-chair. but critics say it would exclude many retail investors who may have comparatively lower net worth. avon's makeover continues with the exit of the chairman of the board. fred hassan resigned after a few months to focus on other business. doug conant, f

of obama care has been implemented and we have got 15% basically deals with these uninsured or underinsuredt if you are not in that group, you are not going to have to worry about it. that is complete and utter nonsense on stilts. if you look at the people who are having to deal with this question right now, it's small businesses who don't know if you have 50 employees or less. are you going to be subject to these new regulations. if you co-own a business with your father or your mother, are you going to have to split the business in two? these are the kind of questions that small businesses are trying to answer every single day in consultation usually with a team of lawyers right now. for the president to down play that, it's not an argument he can win because this is going to get more difficult as we go along, not less. >> bret: senator max baucus in recent testimony, democrat from montana who said the implementation was a train wreck in his eyes. so we will see. that's it for the panel. stay tuned for the latest innovative idea that some consumers appear to be embracing. ♪ [ male announc

it's unacceptable that patients are either uninsured or underinsure. tax, yes, it has an impact. we've got to make sure it's done in a responsible and reasonable way. overall we're convinced that it's going to continue to be about innovation, about strong customer partnerships. and really when you think about now, our medical device business, particularly our orthopedics business, our size and scale, the growth opportunities here and very much so in emerging markets. so, for example, all surgery is really just about trauma surgery in emerging markets. it's not as planned. as a result what we're seeing is significantly better growth rates in some of those places. >> i love that emerging markets part of the story. because you just look at the growth numbers and you figure out what the story is. but are you going to have to raise prices because of this tax? >> no. we expect it's fwoing to be absorbed in the business. you think about the pressure that's on health care right now. we don't think it's necessarily going to be able to be passed through. so as a result we're going to have

latinos are one of the most uninsured or underinsured communities in the united states.t all. health care is one of the top issues that latinos deal with when they're trying to select who they want to vote for or who should be the president of the united states. >>gretchen: we heard from the president in 2009 you would be able to have these exchanges, so to speak, if you work for a small business. and fast forward now to 2013 -- >> not going to happen. they say operational challenges. that's a big blow to small business. they're getting double-digit increases every year on their insurance premiums. a lot of them were looking forward to these exchanges to have more choice and hopefully lower their cost. now they won't have those next year. it's going to be very challenging for a lot of small businesses next year. >>gretchen: how does that factor in if you fast forward to any future elections? would that be a big enough impact? would hispanics be that upset about something that was so important to them in the last election that it would change the way in which they vote no