This is a rush transcript from "Your World," May 13, 2014. This copy may not be in its final form and may be updated.
NEIL CAVUTO, HOST: In the meantime, here's another thing we know as well. The law is not saving families $2,500 a year, as the president promised.
To Virginia Republican Congressman Morgan Griffith.
What are you seeing, Congressman?
REP. MORGAN GRIFFITH, R-VA.: Well, what we're seeing is that rates are going up.
I was talking with a broker today, and he said in his small shop, two to 50 employees, they're looking at rates going up as high as 54 percent. And that's -- that's in a rural part of Virginia, where there aren't that many providers out there and the competition is not that great, but we are seeing increases fairly significant in our area.
CAVUTO: These guys at Fox, they dash this health care thing, what have you. The Republicans never find anything to like about it, that you don't include the national average, averaging it all up for those who have seen premium increases, for those just coming in and paying less, and that it averages out to be less than the inflation rate in the health care arena.
I have not seen that, Congressman. Have you?
GRIFFITH: I have not seen that.
And one of the things I'm concerned about and want to make sure that we have all the data that's out there is, is that will the administration hold on? When they get these rates coming in from the various companies, will they hold those until after the election? So I put a little bill in to make sure that HHS turns that information over to us 30 days after they receive it.
But what we're seeing is increases keep going up. There may be some who have increases that go down, but the vast majority of the average American families in the middle class are going to go up.
CAVUTO: All right, When you say 30 days for HHS to respond, I do notice, history suggests, when the news is favorable, HHS, the White House, what have you, you get that out in a nanosecond.
When the news is not, that's like a slow boat to China deal. So, the fact that a lot of these numbers and data points are not forthcoming makes me think that they're getting worse, they're not getting better.
GRIFFITH: Yes, I have to agree that they're going to get -- that they're going to get worse.
And, in fact, last week, we had a little hearing, and I said, are they going to get better, as was promised? Are we going to see the average family with a $2,500 reduction? None of the folks there representing insurance companies from across the country raised their hand when I said raise your hand if your inspect to see a $2,500 reduction.
And then we walked it down to $1,500. Nobody expects the average family to save money under the Obamacare policy.
CAVUTO: All right. When you talk about these savings, the administration was building into that, I believe, Congressman, that your overall policy costs are going to stabilize, but leave out the dirty little detail that much like, you know, a good automobile insurance plan, you leave out the fact, yes, you're covered, but the deductible will really be high.
Has that been factored in, the fact that a lot of people, especially young people signing up for this, are discovering they might have upwards of a $5,000 deductible before the plan kicks in?
GRIFFITH: Yes, we're seeing a lot of that too.
And in fact when we were looking at those policies this morning when I was talking with one of the brokers in my district, he was showing me that they could get that increase down to 10 percent, but they had to have a much higher deductible and a much higher out-of-pocket in order to do it.
So, when they tell us that they're getting data in that shows lower-than- expected increases, I would like to know what those deductibles are and what those out-of-pocket expenses are.
CAVUTO: Congressman, thank you very, very much. We appreciate it.
GRIFFITH: Thank you. Have a good day.
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