tv MSNBC Live With Velshi and Ruhle MSNBC October 12, 2017 8:00am-9:00am PDT
her village to try to escape soldiers going after this muslim group. they caught up with her. according to "the new york times," quote, in the next violent blur of moments, the soldiers clubbed rajuma in the face, tore her screaming child out of her arms, and hurled him into a fire. she was then dragged into a house and gang raped. her son, her mother, two sisters, her younger brother all killed leaving her alone. she says the photographer here and the picture you just saw, it's a horrifying situation. i strongly suggest you read that. i'll put it on facebook as well and snapchat and instagram. for now i'll turn it over to my colleagues in new york ali velshi and stephanie rhule. >> thank you, hallie, for following that story. i woke up this morning and read it. it is a very hard read. >> it's tough to read. >> later this afternoon i'll be speaking to the former prime
minister of australia about what could be done to help these folks. good morning, everyone. i'm ali velshi. >> i'm stephanie rhule. it is thursday, october 12th. let's get you started. >> president trump will sign an executive order to unwind the affordable care act paving the way for sweeping changes to regulations. >> we're going to have great health care across state lines. this is the largest tax cut in the history of our country. we will cut taxes for everyday hard working americans. we are the highest tax nation in the world. we are now going to be down in the lower wrung in terms of taxes. i'm so proud of the $5.2 trillion of increase in the stock market. in one sense we're really increasing values and maybe in a sense we're reducing debt. >> he's taking his hits against the media to a whole new level. >> the president disputing an exclusive nbc news report that mr. trump talked about drastically increasing the size of the u.s. nuclear arsenal.
>> no, i never discussed increasing it. that was just fake news by nbc. >> the president also taking a remarkable step appearing to attack the first amendment tweeting about nbc news and the networks at what point is it appropriate to challenge their license. >> to be clear, the networks themselves do not hold federal licenses. their individual television stations do. >> it's disgusting the press is able to write whatever they want to write and people should look into it. >> vanity fair piece cites a half a dozen prominent republicans describing a white house in crisis. >> this president, you know, really seeming to come apart at the seams. >> all of it adding fresh urgency in iran and north korea. >> i think i have a little bit different attitude on north korea. but ultimately my attitude is the one that matters, isn't it? >> this morning, harvey
weinstein in his own words. >> guys, i'm not going okay. i'm trying. i got to get help. you know what? we all make mistakes. second chance, i hope. >> i'm profoundly devastated. i have lost my wife and kids whom i love more than anything else. "the new york times" reporting the weinstein company knew since 2015 about multiple payoffs to women. >> you graduated high school early. you went to one of the best theater programs on the planet at nyu with a goal to pursue acting. and then you didn't. do you attribute that to your experience with harvey? >> i do. i do. >> we got a lot to cover. >> that is a remarkable story and we'll continue to deal with that. waef lot as stephanie said. frustrated by congress' fail dwrour yur to repeal and replace obamacare. we're waiting for trump to take action on health care on his own. >> the president is about to sign an executive order the white house says is intended to,
quote, promote health care competition. however, critics say it is designed to gut obamacare rules and undermine market places. >> which are already being undermined for any of you getting your insurance through the marketplace. specifically the president is reportedly expected to expand access to so-called association health plans allowing individuals and small businesses to band together to purchase insurance at more favorable rates. it's also expected to expand the availability of short-term insurance policies which offer limited benefits. they're meant to be a bridge for people between jobs or young adult who is are no longer eligible for their parents' health plans. and the president is expected to allow the purchase of these plans across state line s. there is expected to be strong opposition for medical associations, consumer groups, insurers. the same coalition that has so far blocked every effort to
repeal and replace obamacare and there could be legal action from some states. >> let's bring in kelly o'donnell live at the white house. busy, busy day at the white house. set the stage for us as it relates to this executive order signing. >> in the roosevelt room in the next half hour or so we expect the president to use the power of the pen. as you outlined it, this is a way for the president to go around congress which has not moved only his agenda and try to do a piece of the reform he had promised. you laid out some of the key findings there. one of the concerns is that if you make plans like this available that are cheaper and shorter term, it weakens the market for those who need more medical care. those with chronic illnesses who need more expensive care and sort of tips the scale so that it is not kind of the basic insurance model of the larger the pool to disperse the risk, the cheaper it can be. and so one of the concerns is it will be more expensive for those who need more health care because of this. now, on the flip side as
premiums go up, the trump administration says having these shorter plans perhaps as little as three months or plans that are less expensive but offer fewer services could be an option for people who feel priced out by increasing premiums. >> kelly, there are other issues that the president is dealing with today including north korea. we just heard a statement from him on that. he has told secretary of state tillerson he's wasting his time on diplomacy. the president said yesterday, quote, my attitude is the one that matters. >> remember i and i alone. that was trump on the campaign trail. >> and we know when it comes to nuclear weapon launching, he and he alone can do that burden of proof are we now? >> there's always a military aide with the codes that travels with the president near the president. the official sort of position to the position is diplomacy first with a more vivid and more frequently discussed military option. that always exists but it has certainly been ramped up in the way the trump team talks about
potential military options. the president repeatedly expressed frustration that his predecessors haven't done enough. he also says he does not want to forecast what he would do. but his actions against the secretary of state and certainly not giving the secretary of state the typical power to be speaking for the president, you see with president trump trying to put a little daylight between himself and secretary tillerson when it comes to things like negotiation or possible talks with north korea, the president's demeanor on this has been the talking is over. yet he's not gone as far as to say there would specifically be military action. how this plays into it is hard to determine. the president goes to asia next month. this is going to be a huge topic with all of those partners in the region when the president visits. >> all right. well, let's stay on the president's demeanor. dave sherman's piece in vanity fair says -- fears the president is unraveling nep report goes on
to say that two sources familiar with the conversation say that president trump vented to his longtime security chief keith shiller who's already decided to leave the white house saying i hate everyone in the white house. there are a few exceptions, but i hate them. now, i want to know what the official statement is from the white house. from my reporting, advisers within the white house called me on the phone and said read the vanity fair article. >> well, they said there's nothing official responding to these comments. the word unraveling is particularly strong. it's hard to imagine that real allies of the president would use a term that significant. anger, frustration, those are to be expected in a white house with these conditions. not getting the agenda taken care of on capitol hill. things that should have been done given the circumstances. feeling under assault as the president does by the media.
and the backdrop of all of these disasters where he has to respond. and there's been a lot of criticism on the president's response to puerto rico in particular. so frustration, yes. a certain sense of there being a harder environment to work in, yes. but to go as far as unraveling, our reporting does not go that far. and that certainly is a state of mind issue which is a dangerous area to go in. so that's not my reporting. so i can't go that far. is it a difficult place to be in? certainly, it is. how that plays out for the president over time, one event can turn things back in his favor or can send it further down the hill. >> all right. kelly, thanks so much. >> i've been away. you were away with me in las vegas but i'd gone to puerto rico before that and been on the road since. when i rushed back yesterday when i heard that the president's trying to get our license pulled, i wanted to make sure we get a few more shows in. >> i find it stunning the president going after the press yet again.
sarah huckabee sanders this week going after bob corker. kellyanne conway saying the comments were irresponsible on twitter. but what i'm reminded of is president trump's 2013 tweet where he con -- >> let's put it up. i commend roger ailes for publicly supporting fox news employees against the obama administration's intimidation of its reporters. >> so in 2013 he was applauding fox news for standing up to an intimidating white house but here we are in 2017 where president trump is repeatedly calling news that -- reporting that nbc newsstands by, calling it fake news which it is not. and now threatening our license which is stunning. stunning to me. it's as those second amendment good, first amendment bad. >> right. and the network itself doesn't hold a license from the fcc. but the fcc does oversee the work we do only local stations own networks. you tweeted something interesting last night from the
daughter of newton minnow. he was the fcc chief during the kennedy administration. and one day jfk called him complaining about an nbc report and said do something about it. and newt said to the president the next day to the president's staff, the president should be lucky he has a friend in the fcc who will not respond when the president is angry. because it would have been the wrong thing to do. >> as long as we're talking about responding to the president, over the weekend the president had tweeted complaining that the news is too one sided. he thinks there should be more republicans on tv. they should have a voice. well, i want to make it clear to the white house. both ali velshi and i every single day have a standing invite to any member of the administration, president trump, your family, your sons, welcome to sit down with us every day we ask for steve mnuchin, mick mulvaney, wilbur ross, president trump himself. so if the president wants to say on twitter things are one sided, we certainly don't want them to be. our door is open. >> we are going to talk about one of the reasons we asked for those folks is because we're going to talk about taxes.
the president has made claims about what his tax reform plans are going to do. we'll talk about it on the other side of the break. you're watching "velshi & rhule." you're looking at the white house. you're on msnbc. liberty mutual stood with me when this guy got a flat tire in the middle of the night, so he got home safe. yeah, my dad says our insurance doesn't have that. what?! you can leave worry behind when liberty stands with you™. liberty mutual insurance.
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claims from president trump. listen to this. >> so they borrowed more than $10 trillion, right? and yet we picked up $5.2 trillion just in the stock market, possibly picked up the whole thing in terms of the first nine months, in terms of value. so you could say in one sense we're really increasing values and maybe in a sense we're reducing debt. >> that is nuts. for fact's sake, stock price increases have absolutely nothing to do with the federal debt. let me show you how this works. debt is what the government owes through spending. the only way to reduce debt is to increase the money that goes to the government. either by raising taxes or with stronger economic growth or by reducing spending. the market gains -- >> can you say that again for me? so the president lied to the american people, the forgotten american who is saying i want to have more money. i want to reduce the deficit. the only way you're going to reduce the national debt -- and
yes, it ballooned under the obama administration -- is if you raise taxes and cut spending. neither of which are happening. tying that to the stock market is pure garbage. >> doesn't make any sense at all. these market gains that the president was talking about, that's money that companies make. we talk about how they grow the economy, but it does nothing to affect the debt. there's some abstract way in which you say if companies make more money they pay more taxes. he made a mathematical equation that is absolutely incorrect. unless you raise taxes which apparently doesn't seem to be the plan. let's talk about what the president has said about that. >> for years they talk about tax reform. i said the problem with the word reform, nobody understands what it means. because reform could mean you're going to raise taxes. this is the largest tax cut in the history of our country. >> well, i like the fact that he's actually calling it a tax cut because it's kind of what it is. let's talk about where we are.
corporate taxes. the current rate is 35%. that's a statutory rate. most companies don't pay that. our actual rate is about 18% to 20%. the president wants to lower the actual rate to 20%. he claims that doing so would give americans a $4,000 pay raise. he keeps saying this and stephanie and i keep scratching our head because we don't know how that actually works. many economists say it's actually impossible to know how this cut results in a $4,000 pay increase to average americans. until we find out the details. generally speaking when companies get tax cuts, they keep them for themselves and distribute them to the shareholders. it doesn't work its way through to wages. the president wants to cut the tax rates. we currently have seven tax brackets which apply to different levels of income. the president is proposing going through to three. but we don't actually know who falls into these three. and there's some estimates that in the middle, some families might actually end up paying more in taxes when they end up
in a higher tax bracket. we have to find out more information to confirm or deny what the president is saying. now, according to estimates, the president's plan could add -- listen to this, stephanie -- could add between $2.2 trillion and $2.7 trillion to the debt. >> how does the caucus feel about that? and so to the president's point about cutting the national debt, this is the opposite. >> opposite of cutting. the red arrow going up is opposite of cutting. i can't understand what this is about. if we're getting into the business of congratulating people for market gains which stephanie and i are always telling people don't get nuts for blaming presidents for market losses and crediting them for gains. but i want you to look at this. this is the s&p 500. it's bigger than the dow. it's more important to look at. >> are you speaking about the 113-month gain we've seen? >> go back to 2009 when president obama took office in that month.
the s&p 500 was at about 800. that was the level of that exchange. take a look at where it went through the entire obama administration. this is until donald trump took office. if you want to just take a straight edge of some sort and if you were to draw a continue use upward line, you'd be where we are today. it stands at 2,100. you live by the sword, you die by the sword. if you want to talk about stock market gains, we have had one for 113 straight months. that conversation with hannity was just weird. >> how are gary cohn, how are steve mnuchin possibly going to defend president trump's statements last night? and you do have some smart economists. you've got guys like larry lindsey who have said i think the tax reform plan will work. but it gets muddied and destroyed by the president's own hand with nonsense talking about stock market gains wiping out the national debt.
shame on you. that, my president, is a lie. >> now, we are committed to actually having real conversations about the economy and what to do about debt and taxes. i want to bring in jared bernstein who served as the chief economist of former vice president joe biden. jared, you and i have had good times and have had bad times, but if you said anything like this while you were working for the vice president, everybody would know your name for weeks because we would be saying that's nonsense. >> yeah. i mean, i listened to president trump say that last night and my head started to hurt. listening to him talking about the economy, it's like staring at the eclipse. you shouldn't do it. it's not good for your brain. you just showed the s&p 500 over the obama era. well, trump was saying that the debt increased significantly and that's true. it had a lot to do with the worst recession since the great
depression, of course. put that aside. well, at the same time that that debt was increasing as you just showed, of course the equity markets went up 200%. i was just reading those numbers off your chart. so clearly this is totally nonsensical. and i think what stephanie said is important which is it's not just that trump is sort of dangling the keys and saying look over here at this nonsensical argument. it's that their tax plan is unequivocally going to seriously increase the debt. and so he's telling a false story connecting equity markets and debt -- >> unnecessarily. unnecessarily. it undermines the good points that are in the tax reform plan. it's yet another unforced error from the president. his own team have to be looking at the sky and saying, why are you doing this to us? >> well, you know, it may be an unforced error. at the same time, he's not the only one in his administration who's been playing very fast and
loose with facts. you talked about that $4,000. i think i know where that comes from, by the way, and it's another meaningless number. steve mnuchin said this -- the growth from this tax cut isn't just going to pay for itself, we're actually going to lower the debt. that's also completely nonsensical. even suggesting the tax cut will pay for itself. and by the way, i think there probably is some de minimis growth in this plan somewhere, but not nearly enough to pay for itself. >> and not to completely nerd out on you, but as it relates to the market going up, we have to remember if you want to thank someone in government, it's central bankers around the world. central banks around the world for years have been buying up paper and keeping interest rates low. >> which means if you want a return, you got to go to the stock market. >> i think that's part of it. but basically the stock market represents people's expectations about corporate earnings. and who's been crushing it in this economy? it's our corporate sector. corporate profits are at or near
all-time highs. then go back to the tax cut. who does the tax cut favor? it favors the corporate sector. in many cases -- >> that's fine. how do you connect lowering corporate taxes which may or may not be a thing. how do you connect that with this $4,000 raise? >> i think i can explain that. it has to do with ending something call ld transfer pricing which is a game corporations play to avoid taxes. now, it hasn't been quite reported enough. but one of the things that this tax plan proposes to do is end taxation on earnings by multinational firms. so if gew proctor&gamble earns overseas, they won't have to pay taxes on it. the administration made an assumption that because of that change, all that money that sits overseas avoiding taxation is going to come back and go in the wallets of working people. that is a completely phony assumption. >> now, we do have to make the point, though, corporations have
been doing very well. they have a lot of money on the books. in the last eight years, we've seen them spend that money on r&d that hasn't created jobs and on stock buybacks. but the fact this administration is committed to deregulation is a positive from corporates. you hear this from ceos across the board. and the regulatory overhang they were facing in the obama administration did prevent companies large and small from spending money. so there is this deregulatory promise that has incentivized companies and it does have corporate america feeling positive. >> look, i will be the first to admit our corporate tax code is a pretty hot mess and is in need of reform. that's not on the table here. by the way, our corporations, it's well known they're sitting on trillions of dollars of earnings they could invest if they wanted to. that's why i don't believe that tweaking the tax code to help them is going to show up in
terms of jobs and wages. i think it's going to show up in terms of increased profitability. so corporations are doing fine. it's aspects of the middle class that are struggling. if you actually look at the details in the code, you got to this a little bit in your presentation. there are changes proposed in this plan. for example, getting rid of the personal exemption, that are going to hurt middle class families who will end up paying higher taxes under this plan than they are right now. >> let me ask you something keeping with this explanation whether the president understands the difference between equity markets and public debt -- >> if you listen to his word choices in that interview with sean hannity, he doesn't. >> i'm going to ask if we've got that specific part where he taubz the $5 billion increase. let's talk about this for a second, jared. there was an example while the president is talking about pulling licenses of places like nbc, he -- there was bad journalism last night that hannity didn't stop him saying
what are you talking about. he's saying the obama administration ran up the debt by $10 trillion but since he's been president there's been a $5 trillion in capital value in the stock market. so basically we've undone the damage. the math doesn't work even if he was right. but he's not right. >> there's no connection between the two. >> there's no connection between the two. just again, if he's right -- and he is right about the increase in the debt under obama. you just showed a chart of the stock market going up over 200% under obama. so these things are not connected. you know, this is -- what the president is doing -- we're getting way too bogged down in facts here, you know? what the president is doing is he's actually quite good at this. she's saying there's a good thing out there. the stock market has gone up. that's a good thing. and then there's this bad thing out there. that's debt. and so there's a good thing and somehow it offsets the bad thing even though the reality is they have nothing to do with each other. what he's doing is dangling the keys so that people will not
connect the plan that they're actually proposing, its impact on the debt really would be a very serious, very damaging increased deficit and debt. all this fiscal hockry, it turns out to largely be hypocrisy. at least it will be if they're going to support this plan. >> what he is is an extraordinary salesman. president obama made the same argument in 2016 when he pointed at the stock market at the extraordinary financial recovery since the crisis. and that argument that president obama made that had so many people in this country who do not own stocks say what about me, i didn't participate in this recovery. >> half the country doesn't own stocks. >> what the president is doing is then drawing a line saying -- >> this is another really important point that gets lost in this discussion and i haven't said it yet in this discussion. let me say it now. 80% of the value of the stock
market goes to the top 10% of stockholders. 40% of the value goes to the top 1%. so it's not the middle class. it's not the truckers that donald trump was talking to yesterday. they won't benefit from an increase in the stock market at least not at all directly. and they certainly don't get anything out of ending the estate tax. so, again, this is -- >> and it's not to say that ending the estate tax is a good or a bad thing, but again, it's a lie that the president is telling in terms of it's not going to benefit -- >> 5500 families in the entire united states would benefit from ending the estate tax. >> the reason it's a mistake is because it costs $200 billion over ten years. it affects the richest estates. essentially it's a giveaway to those who are already doing great at the expense of the debt and the deficit. and that's why this stock market comparison is actually kind of a wakeup call. because, you know, republicans
have to deal with the fact they're supporting a plan that's going to deepen the deficit. for years they've been saying we can't do that. that kind of fiscal hypocrisy i think has to be called out every day. >> when we talk about ending the estate tax or the death tax, we're often met with resistance saying there are families, farm owners who lost their farms because of this. ali and i have searched for a family this happened to. if you know of one, let us know. we'd love to interview them. >> the president has walked in the room. he's about to make an announcement and sign an executive order having to do with health care. this is his continued push to try and undermine obamacare. let's listen into what he's about to say. >> good morning. president trump and his administration are committed to ensuring hard working americans have access to affordable health care. mr. president, your executive
order signed today is an important step in achieving that goal. i want to thank you and your administration for continuing to focus and finding affordable health care solutions. in addition to instructions given to the treasury and health and human services departments, the president will task the department of labor with considering ways to deliver quality affordable health care to the american workforce. i'd now like to call upon senator rand paul to say a few brief words. thank you. >> thank you, secretary acosta. today's a big day. president trump is doing what i believe is the biggest free market reform of health care in a generation. this reform if it works and goes as planned will allow millions of people to get insurance across state lines at an inexpensive price. 28 million people were left behind by obamacare. do not have insurance today.
this specifically targets and will help people who don't have insurance or people or for whom insurance is too expensive. i'm very glad to be part of this and i really want to commend the president for having the boldness and the leadership and the foresight to get this done. and i'd like to introduce the vice president of the united states. >> good morning. secretary acosta, senator paul, secretary mnuchin, director mulvaney, administrator mcmahon. senator paul, thank you for those thoughtful remarks and to congressman greg walden and congresswoman virginia fox, other distinguished members of congress, and job creators. it's an honor to share this moment with you today. a moment where president trump will take a critical step to lower the cost of insurance for working americans. since day one of our administration, president trump has made it a top priority to
rescue the american people from the disastrous failure of obamacare. every day obamacare survives is another day the american people struggle. have witnessed the failures of obamacare first hand. premiums have more than doubled since obamacare went into effect. next year prem yums are set to increase even more. while costs have been skyrocketing, choices are plummeting. next year nearly half will have a choice of one health care provider which essentially they have no choice at all. as the president and i have traveled the country, we have heard stories from working family who is are struggling under the weight of obamacare. today president trump will take decisive action to provide the american people with flexibility and freedom from the burdens of obamacare and expand the number of options for working americans. now, mr. president, i can say i speak for everyone here and for millions of americans when i say how grateful we are for your
determination to repeal and replace obamacare and your commitment demonstrated today by this action to provide the american people with more choices and more affordable health care. with that, ladies and gentlemen, it's my privilege to introduce the president of the united states of america. >> thank you very much to vice president pence for that wonderful introduction and for the great job you do. i want to thank secretary acosta, secretary mnuchin, acting secretary hargen and administrator mcmahon for joining us today. we're all gathered together for something i believe that's going to be very, very powerful for
our nation and very good for a lot of people. but before i begin, i have an important update. yesterday the united states government working with the government of pakistan secured the release of katelyn coleman, joshua boyle, and their three children from captivity from the hakani network, a terrorist organization with ties to the taliban. the pakistani government's cooperation is a sign that it is honoring america's wish that it do more to provide security in the region. and i want to thank the pakistani government. i want to thank pakistan. they worked very hard on this. and i believe they're starting to respect the united states again. it's very important. i think right now a lot of countries are starting to
respect the united states of america once again. we hope to see this type of cooperation and teamwork in helping secure release of remaining hostages and in our future joint counterterrorism operations. so with that, i want to begin by saying it's my pleasure to welcome so many great small business and association leaders to the white house as we prepare to make this truly historic announcement. and that's exactly what it is. we've been hearing about the disaster of obamacare for so long. in my case, many years. most of it outside in civilian life and far long period of time, since i started running and since i became president of the united states. i just keep hearing repeal, replace, repeal, replace. well, we're starting that process. and we're starting it in a very
positive manner. when you get rand paul on your side, it has to be positive. that i can tell you. boy. rand. [ applause ] i was just saying because he's getting up and saying all these wonderful things about what we're going to be announcing. i say, that's unusual, i'm very impressed. but seven years ago, congressional democrats broke the american health care system by forcing the obamacare nightmare on the american people. it has been a nightmare. you look at what's happening with the premiums and the increases of 100% and 120% and even in one case, alaska, over 200%. and now every congressional democrat has blocked the efforts to save americans from obamacare. along with a very small frankly handful of republicans. three. and we're going to take care of
that also because i believe we have the chance to do block grants at a little bit later time. and we'll be able to do that. premiums have gone skyrocketing. but today one-third of all the counties in america have only a single insurer selling coverage on an exchange and next year it looks like nearly half of all counties in our country -- think of that. all of our counties, one-half will only have one insurer. and many will have none. many will have absolutely created road blocks for people to have any form of the insurance we're talking about. this is why in a few moments i will sign an executive order taking the first steps to providing millions of americans with obamacare relief. it directs the department of health and human services, the treasury, and the department of labor to take action to increase
competition, increase choice, and increase access to lower priced high quality health care options. and they will have so many options. this will cost the united states government virtually nothing. and people will have great, great health care. and when i say people, i mean by the millions and millions. first we aim to allow more small businesses to form associations to buy affordable and competitive health insurance. this would open up additional options for employers to purchase the health plans their workers want. i'm also directing secretary acosta to consider ways to expand these associations and these health care plans all across state lines. this will create tremendous
competition. and transformative in so many ways change aimed at creating more and lower prices for millions of americans. but the competition will be staggering. insurance companies will be fighting to get every single person signed up. and you will hopefully be negotiating, negotiating, negotiating. and you'll get such low prices for such great care. should have been done a long time ago and it could have been done a long time ago. this will allow thousands of small business employers to have the same purchasing power as large employers to get more affordable and generous options for their workers. rich and leslie bordrea. how are you? come on, get up here. nice to see you.
they're here today from louisiana, great state. just left. had a little hurricane damage. they got hit but we took good care of it, right? they're great people. they're small business owners and they no personally the benefits of association health plans one of which used to provide health insurance for their employees. but after obamacare, they were unable to afford their association plan. so they had a great thing, their employers were happy. then it ended like so many more. you know what i'm talking about? greg has been incredible on this subject. people had plans that worked. all of a sudden they were totally cut off and happened to your company also. they would love to use an association health plan and there are millions of americans who want more affordable options
just like them. and now with this executive order, the americans will likely soon have those options. we will be very happy to provide them to you and you will be very happy, rich. i think you're going to be extremely pleased. if you're not, you can tell them right now. thank you. appreciate it. great to see you. thank you very much. in addition, my administration will explore how we can expand something called short-term limited duration insurance. these health insurance policies are not limited to expansive obamacare coverage mandates and rules. the cost of the obamacare has been so outrageous, it is absolutely destroying everything in its wake. they were so attractive just last year the previous administration crippled the market in an effort to keep people from fleeing the failing obamacare plans.
in fact, they prevented these plans from lasting more than three months. they will take action to fix that and to make these affordable flexible plans much more widely available. so we're going to have a very widely available plan that's going to cost much less and from the standpoint of the united states government, we will be very happy, won't we? so they'll get better and it will cost us nothing. that's not too bad, right? we need some more answers like that. finally, today's executive order instructs secretaries acosta, mnuch mnuchin, and har begin to explore how they could use tax reimburse arrangements to compensate their employees for their health care expenses. currently one-third receive coverage at work.
forcing millions. to pay the individual mandate penalty. not good. not good. that is one of the most unpopular things i've ever seen in government, i can tell you. this order takes first steps to make it easier for businesses to help their workers afford high quality and more flexible health care through reimbursement accounts. with these actions, we are moving toward lower costs and more options in the health care market. and taking crucial steps toward saving the american people from the nightmare of obamacare. today is only the beginning. in the commoning months, we plan to provide our people with even more relief and more freedom. by the way, on another subject, that will include massive tax
cuts. we are going to get massive tax cu cuts and i believe even senator rand paul and i think virginia, greg, you're with us. but the whole country is looking for these massive tax cuts. and we will get them. and we are going to also pressure congress very strongly to finish the repeal and the replace of obamacare once and for all. we will have great health care in our country. thank you all very much. appreciate it. thank you. [ applause ]
>> mr. president what did you mean by your puerto rico comments this morning? >> mr. president, are you committed to puerto rico for the long-term? >> all right. there you have it. president trump leaving the room after signing his executive order. what i noticed? no wilbur ross. i'd like to point out almost every time i've ever seen the president sign an eo, wilbur ross always standing next to him. mike pence was in the room and it's interesting that that reporter asked him on the way out, what about your commitment in terms of the long haul to puerto rico? it was one week ago mike pence said we are here with you always hand in hand until puerto rico rises. and of course the president said pretty much the opposite this morning. >> he's been tweeting all morning about it. puerto rico's own doing, we can't stay there forever. congratulations to everybody, though, that's what the president said as he signed the executive order.
let's bring in jared bernstein and the doctor who helped draft the affordable care act. let's start with you. a lot of things the president said in there. it's going to lower premiums. it will give us better health care and cost us less. kind of hard to understand what the president was specifically talking about. could you help us interpret that? >> sure. and i got a look at the eo kind of while he was signing it from kind of some leaks and there's really just three -- there's a lot more in what the president said than there are actually details in the executive order. but there are three elements to the executive order. one is this formation of association health plans that he talked about. the second is to expand the short-term kind of insurance, this short-term health insurance that obamacare also kind of restricted. and then the third which i think a lot of people haven't been talking about are these hras which currently exist by the way
but the president is directing the treasury department to expand on that in some way. i -- there are no details, by the way, of how these three programs are going to achieve a lot of the promises that he's making. so all of these three things i can document and count how they can undermine kind of the affordable care act and protecting a lot of the things we've put into place in order to make sure people get maternity care, and coverage for pre-existing conditions. if i had to say it, this is actually an executive order to just still undermine the affordable care act. it's not really to deal with the problems. it's just going to make this conversation about repeal and replace even more dramatic. but it will take time to get details on this executive order into action. it will not take place immediately. >> jared, what do you make of it? you heard what the president was saying. it becomes hard to parse in light of the conversation you and i just had a little while
ago about the president's comments last night about the stock market and debt. it becomes complicated to understand. he said congratulations to everyone, this is going to result in lower health care costs for all sorts of people. but to all kinds of people. but for stephanie and i who like to examine these things, there is little expectation of what he says is going to be true. >> talk about the nightmare of the affordable kab acare act, t really needs to be challenged. remember, before it was in place, 50% of americans were uninsured, now it's 9%. so the affordable care act has done a great job of increasing coverage. there are problems in the individual market which covers about 10% of the population, so it's not a trivial share but it's not the largest one. these kinds of plans, just to cut to the chase, they actually make the individual market work less effectively over the long run because of a problem called adverse selection. that is, when you allow
healthier people to pull themselves out of basically obamacare, out of the affordable care act, that means that insurers are left with a more expensive population to serve in the exchanges as we know them. now, those people are going -- those premiums are going to go up a lot because those patients are more expensive, and that means that the cost of subsidizing them, still part of obamacare, goes up a lot as well. ultimately this end up being more costly to the budget and more damaging to people who are still getting care through the exchanges. >> kavita, comment on the confusion or the changes here. president obama and rand paul making the argument that allowing people to buy plans across state lines is a huge benefit. walk us through that. >> ali has talked about this before, and so have you,
stephanie. you can already buy plans across state lines. i think that's what's confusing here, is that there is confusion about what self-employed people can do, what small businesses with do and what large businesses can do. and right now people can -- there is actually not a restriction to buy across state lines. i think what president trump is trying to say is by making small businesses subject to different rules than large businesses, they can bypass some of the requirements and, therefore, people can buy across state lines into a small business plan that does not have these essential health benefits or other requirements because the small businesses are actually now going to be treated as large businesses. so that gets really confusing, but by allowing people to buy across state lines into kind of association health plans, so to speak, and treating those association health plans like large employers, they can then not be subject to some of those
minimum standards in the affordable care act. >> and some of those minimum standards are ten health coverage requirements. they include inpatient/outpatient things, prescription drug coverage, and a lot of things associated with maternity. thank you, both of you. we will continue to break down what this new executive order means for the future of health care. >> thank you. >> there is a lot of other news we're covering this morning. following several new developments surrounding the sexual misconduct allegations against movie mogul harvey weinstein speaking out on camera for the first time since the accusations went public. he told the paparazzi yesterday he's not doing well, but he's hanging in there in this video licensed by nbc. >> guys, i'm not doing okay. i'm trying. i got to get help, guys. you know what, we all make mistakes. second chance, i hope. okay? >> we all make mistakes, that is true. mistakes of that magnitude?
not so much, sir. >> there are more than 25 women who now say they have been victimized by weinstein. some of them are revealing very raw, very personal details of what they say happened with him behind closed doors. >> one of them, dawn dunning, sat down with me for an extensive interview. she told me she and weinstein met 14 years ago while she worked as a waitress. she said they became friendly and it all changed when weinstein's assistant arranged a meeting at his hotel. when she showed up, weinstein had something very different in mind. >> i get to the room and he opens the door, and he has an open bathrobe on, and there's this coffee table with all these papers, and we had been talking about his next films and, you know, some roles that he had for me in these films, and so he said, "i have contracts for my
next three films here, and i will sign them today, but i want you to have a threesome with me and my assistant." he had kind of a rough, like, sense of humor, you know, like a very dry kind of dark sense of humor, and so i laughed, obje. obviously he must be joking, right? when i laughed, he got angry and he said, "you'll never make it in this business. this is how this industry works. how do you think so-and-so, so-and-so and so-and-so got to where they are today?" just started yelling at me, so at that point i fled from the room. i was scared at that point because he is a very domineering man, very large, domineering man, very loud.
sorry. so at that point, i left, took off towards the elevator, and -- sorry. >> don't be. >> his assistant called me a couple times after that that night, and i didn't respond because i was just devastated, you know. >> reporter: when you learned that the weinstein company board says they're appalled, they're disgusted, they had no idea, do you believe it? >> i don't believe it, and, in fact, in all my dealings with the weinstein company, i feel like it was looked at as something that was very accepted and normal, and, you know, his assistant, this was something
that she somewhat facilitated but in such a way that it was obviously something that was commonplace. >> . >> reporter: so do you look at her as an accomplice or a victim? >> knowing harvey and how aggressive and -- you just can't argue with the man. you can't say no to the man, which is probably why he is where he is today. and so i think she's more of a victim. i'm sure he had, you know, his clutches on her so tight that she probably felt just as powerless as i did. >> what do you want to happen to him? >> i mean, i think this should go to trial. i think he needs to have serious repercussions for what he's done to so many women for such a long time. >> reporter: it is so courageous that you're doing this. you're doing this for my daughter. you're doing this for your son. why would you do this now? >> at first i didn't really want to do it, and then the more i
thought about it, i just thought it's the right thing to do. and if i have -- you know, if i have a chance to speak out for other women who are afraid to or who can't -- you know, anyone who is in a position of being taken advantage of by someone in power, that's worth it to me. >> it's stunning to me that she viewed his assistant, who set the whole thing up, as a victim. cbs spoke to one of his former assistants who said they had no idea but how oppressive and aggressive he was in the company. this is a cultural issue, and the fact that the board put out a statement saying they were appalled, they can't believe this happened. now the "new york times" is reporting they knew about some of this back in 2015. >> david boyer, who represented mr. weinstein when his contract was up for renewal, said in an
interview that the board was aware at the time of three or four confidential settlements with women. there was one he gave voice to about the time he entered into it but denied to say who it was. so the board knew something was up. >> the board may not know about the day to day operations of the company, but the reason for the board is corporate oversight. if you are seeing payouts and settlements, unless harvey weinstein was paying in cash out of his own pocket, it seems impossible to me that they wouldn't know. another thing here, this is a cultural thing. this is about power. it is not about sex. she met harvey weinstein while she worked as a bottle service waitress in a nightclub. she said, this is the kind of job where, when you take a $30 bottle of vodka and sell it at a nightclub for $1500, which is how that business operates, those young waitresses are made to feel like, you know what, these guys buying these tables, buying these bottles, can do whatever the heck they like. and if you don't like it, there
is another girl who can take your job. >> i want to tell you, the board, after that new yorker article came output out a statement saying, these allegations are unethical to human decency. these allegations come as utter surprise to the board. any implication that the board had knowledge of this is false. in the area in which you and i live, we now know from david boyer that the board knew something was up. one of the board members admitted to the "new york times" he was told about a settlement between harvey weinstein and some women, but he assumed they were to cover up consensual affairs. how does that happen? >> we also should point out that it had been reported that harvey weinstein's brother who is turning on him, turning all this up, well, his brother sits on the board. >> a bunch of rich guys. >> so during the years this conduct -- the fact that jokes were being made about this on television shows, at the oscars. think about this industry. it is an industry that can make