Harvard Professor David Cutler, who served as the senior health care advisor to President Obama’s 2008 campaign, acknowledged Monday evening that premiums “will be very high” if enough people don’t sign up on the Obamacare exchanges – a very real prospect given problems with the website and the difficulty enlisting younger enrollees.
Cutler appeared on Fox News channel’s Kelly File, saying:
If the numbers aren’t there then the premiums in the exchanges will be very high, because the people who will go through the most hoops to get that coverage are those for whom the costs are highest and their coverage is the worst. So it is very important that enough people get enrolled through the exchanges.
Cutler added that while Obamacare would not collapse if too few sign up, it “becomes very difficult” for the program to succeed.
Cutler had warned the White House that they were putting the C Team in charge of organizing Obamacare – with assistance and support from the D Team – writing a blunt memo to then-National Economic Council Director Larry Summers in May 2010 stating, “I do not believe the relevant members of the administration understand the president’s vision or have the capability to carry it out.”
H/T to Jim Hoft at Gateway Pundit.