FOX Business Network's Maria Bartiromo grills Obamacare architect Jonathan Gruber on the impact of the Affordable Care Act. Gruber said preexisting conditions is not "the big problem" with the Obamacare fix.
Bartiromo: The Affordable Care Act also has made it incredibly expensive for business and for individuals. There's a reason that United Healthcare said they were going to lose a billion dollars on it and so they're pulling out of the plan. So obviously there is something seriously wrong with this legislation to upset so many people because they can't afford it.
Gruber: Maria, I'm afraid you're just wrong on that. Let's start with businesses. 150 million Americans get insurance through their employer. The cost of employer insurance today is $3100 lower than it would have been that was projected before Obamacare. Individual insurance which is paid by 7 million people is exactly where it would have been absent of Obamacare. The press coverage has been completely misleading about this. Obamacare is actually saving people money.