California lost 1 million insurance plans out of the national total of five million. We are 20% of the thing, and our part is managed by some folks in Sacramento. We have no conclusion yet about what Jerry will do in response to Obama and the House. The best bet now, is to wait, and see what the Senate does. But that means, all the small states are going to intervene in the revision, making Obamacare favorable to their political system. What is favorable to the little Hoovers is that California go first on Obamacare.
There is no other Senators in DC who have anything like the California political system, and its 54 Congressional districts; the state only has the two affirmative One Fifthers. Right now, I can confidently predict that California will be stuck with another few million on Medicaid, without the DC backup to cover most of its costs; meaning is one sided tax dealing with DC get worse. California is getting squeezed on Obamacare, and California Democrats will pay the price. Meanwhile, the little Hoovers have kept their costs low and charged New York and California.
Thank you Nancy Pelosi.
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