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CNBC 'Silenced' Reporter Who Said Obamacare Math 'Didn't Work'

Image: CNBC 'Silenced' Reporter Who Said Obamacare Math 'Didn't Work'
Melissa Francis (Bryan Bedder/Getty Images for Weinstein Books)

By    |   Monday, 17 Nov 2014 04:30 PM

A former CNBC reporter says she was admonished by her bosses for what they described as disrespecting the president when she attempted to explain the math of the Obamacare law. She said that upon deeper examination, most Americans likely would be forced out of their existing insurance plans, The Daily Signal reports.

Appearing on "Fox & Friends," former financial reporter Melissa Francis, who now works for Fox Business Network, said when she explained on-air that "the math of Obamacare simply didn’t work," she was pulled aside by CNBC executives and told she was being too political, according to The Daily Signal.

Francis left the network in 2012, and in the aftermath more Americans learned that indeed, they would not be allowed to keep their insurance plans as the divisive law kicked in.

Among those who lost their plan and saw their monthly premiums nearly double were California public relations consultant Steve Duchesne, whose family of five went from paying $645 to $1,033, he told the Associated Press.

Duchesne, 49, is upset and says there were no government subsidies available for someone of his income level. He has had to stop contributing as much to his retirement, lower expenses, and end his dental coverage because of the law.

"We're a middle-class family with what I consider a middle-class income for our area," Duchesne told the AP. "The idea the government would destroy my health insurance policy — one that I was satisfied with, which met our needs, and was affordable — and force us to buy a new product that's 60 percent more expensive, is shocking to me."

Francis warned of just such a scenario, she said, as she recounted her experience of being chastened for her reporting.

"When I was at CNBC, I pointed out to my viewers that the math of Obamacare simply didn't work — not the politics, by the way, just the basic math," Francis said on Fox.

"And when I did that, I was silenced. I said on the air that you couldn't add millions of people to the system and force insurance companies to cover their pre-existing conditions without raising the price on everyone else," she said. "I pointed out that it couldn't possibly be true that if you like your plan, you can keep it. That was a lie. And in fact, millions of people had their insurance canceled."

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A former CNBC reporter says she was admonished by her bosses for what they described as disrespecting the president when she attempted to explain the math of the Obamacare law.
CNBC, reporter, Obamacare, silenced, math, didnt, work
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2014-30-17
Monday, 17 Nov 2014 04:30 PM
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