President Barack Obama's latest Affordable Care Act tweak — allowing Americans to keep their canceled health insurance policies a year longer —is an "amazing concession" that the new law is a bust, according to Bill Kristol, founder and editor of The Weekly Standard.
"He's doing this from weakness. I suppose it's the best he can do, try to pretend he's generously giving us all this ability to keep our plans, plans that he, his legislation, kicked us off of," Kristol told "The Steve Malzberg Show" on Newsmax TV.
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"It's going to make the exchanges even worse because a lot of people are going to prefer to keep their own insurance and not go into the exchanges because they needed it.
"There's a reason Obamacare did away with these plans. They wanted to drag a lot of healthy people, people who could afford just to buy insurance, into the exchanges to subsidize the people they want to subsidize. So it's a big defeat for Obamacare, but I don't think this is the last."
Kristol says conservatives must "keep the pressure" on the Affordable Care Act.
"We all want to repeal it. We should keep that first and foremost in our minds," he said.
"But we need to go after the different vulnerabilities in Obamacare and there are a lot of them because it's a terrible legislation."
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