• With: Megyn Kelly

    This is a RUSH transcript from "The O'Reilly Factor," November 14, 2013. This copy may not be in its final form and may be updated.

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    O'REILLY: Continuing now with our lead story, "Is Obamacare on the Ropes?" As we said in the T-Points last night on the "Kelly File", Miss Megyn and one of the architects of the new health care law got into it.


    EMANUEL: This was not an environment which was hospitable to setting up the exchanges.

    KELLY: I know. There's a lot of --

    EMANUEL: You -- you and your colleagues were constantly criticizing trying to underfund it and trying to make sure it didn't work.

    KELLY: You know what sir; a lot of that criticism proved true. A lot of that criticism proved true unfortunately.

    EMANUEL: It's a self-fulfilling prophecy. We're going to try to do everything we can to make it fail and then when it fails they're going to say oh why did it fail?

    KELLY: Well I don't, well I don't think Fox News had anything to do with the roll out of HealthCare.gov. As far as I know we didn't touch that Web site. But listen I want to talk to you about this --


    EMANUEL: You were -- you were constantly -- you were constantly attacking the law and you were trying to make it underfunded.

    KELLY: Ok. I'll give you that one to, it was all -- it was all our fault.


    O'REILLY: And how on earth -- well here she is again the very famous Megyn Kelly here she is. How on earth could Fox News underfund anything?

    KELLY: You know --

    O'REILLY: How?

    KELLY: -- somehow there is a way and somehow we messed up HealthCare.gov, too despite the fact that -- not once, but twice in high school.

    O'REILLY: But Dr. Emanuel who is the brother of Rahm Emanuel and Ari Emanuel, who is the head of William Morris -- he says that we underfunded it. And I'm going what?

    KELLY: I don't even know it. He was sort of going off the rails at that point. But this is what my take away from that particular section of the interview. Was this is one of the chief architects of this law.

    O'REILLY: Right.

    KELLY: And rather than coming out and just coming clean, ok this is how it went down there was obfuscation at every turn and then ultimately the old blame someone else trick.

    O'REILLY: Fox.

    KELLY: Including Fox.

    O'REILLY: Yes.

    KELLY: I mean how is it Fox News's fault? You would think -- I mean the reason --


    O'REILLY: But I told you.

    KELLY: -- the recent poll that just came out that said Fox News is actually the number one most trusted source when it comes to information on the health care law. In the face of that, he wants to turn around and say to the world it's all Fox News' fault.

    O'REILLY: Ok but I told you why in the Talking Points which I'm sure you'll trump it.

    KELLY: I'll listen.

    O'REILLY: Because it's not about Obamacare, it's about liberalism in general. If it doesn't work here this is his signature deal. But this doctor, he can't -- to be fair to him, he didn't have anything to do with the rollout of the computer or anything like that. He's the big picture "let's give health care to everybody" guy. That's what he is.

    KELLY: Right, that's right. And can I tell you that he did say in the interview that he does believe they should have appointed a CEO to oversee health care and they didn't do it.

    And not only did he say that.

    O'REILLY: Yes, they did. Kathleen Sebelius.

    KELLY: She's not the CEO.

    O'REILLY: Sure she is.

    KELLY: It's basically the Medicare people who are running this. She is you know she's got the title and that's it. They didn't have an actual executive Bill. From the President on down, they didn't have a CEO of a major piece of legislation that was remaking one-sixth of the U.S. economy.

    O'REILLY: All right.

    KELLY: And let me just tell you a guy named David Cutler who was the co-architect of Obamacare, who is a Harvard professor, he came on my show last week and he's coming on tonight told them, he wrote them a written letter in May of 2010 saying you don't have the team in place to execute this. It's going to fail.