As Obamacare turns 6 this year, President Barack Obama fended off a new challenge to his signature health-care initiative. On Friday, he vetoed an attempt by the Republican-led Congress to repeal the law.
Yet in an interview with CNBC's "On The Money," a top hospital executive warned that while the Affordable Care Act survived a repeal attempt, it's locked in a tough game of numbers — and few of them are favorable.
"Premiums are going up, deductibles are higher and that's a problem," Dr. Kenneth Davis, Mount Sinai Health System president and CEO said. His comments differed from the sentiments he expressed barely a year ago, when he spoke favorably of the law's benefits to CNBC.
"What it's all about is that not enough healthy people have signed up," Davis added. Part of the reason, he said, is that because penalties embodied by the so-called individual mandate are "rather minimal."