But let me be clear again — and Axelrod hates this part [Laughter] — many of you are going to pay more than you did before. Maybe double. Because all of these new regulations cost money. You don’t believe in a free lunch, do you? [Confused murmurs.]

What we’re proposing is to get young, healthy people onto the exchanges so they can subsidize everyone else, by buying coverage they don’t want or need at a price that is higher than before. Why would they do that, you ask? [Faint laughter.] That’s what the individual mandate is all about. We’ve got to force them.

As for the doctor you like, you might not be able to keep him or her, either. [Murmurs.] If you have to change your plan, your doctor may not be in the network. And to try to keep costs down, the networks in the exchanges are really narrow. By the way, top hospitals probably aren’t going to accept a lot of plans from the exchanges, either.