Could you just say a few words about what was significant about your student experience, what you took with you from

being a student? One thing that's sort of embarrassing is when I started as an undergrad here, I was closer to the Lewis Report than we are today.

And the Lewis Report was still, in many ways, still being implemented when I was an undergraduate.

I would say Shas was much more of a second-class citizen then than it is now.

It was sort of embarrassing to say one was a shafts major without saying a double major, but it was really viewed as a service organization, something kids took so they could get on with their courses that mattered.

I really think that's changed.

I think the MIT student bodies changed from when I was here.

I'm not keeping score, Peter, but I know where it's going to be at the end.

They claim it actually has added to the cost of healthcare overall.

The vast majority of privately insured people get their insurance from their employer, and employer insurance was largely unaffected by the Affordable Care Act.

So Republicans use terms like, "It's raising the price of insurance." They are being misleading because it's largely not affecting the price of employer-provided insurance.

Indeed, since the Affordable Care Act, over the decade after, the price of employer-provided insurance grew at the slowest measured rate in history.

The costs that are directly affected by the Affordable Care Act are the cost of buying insurance on the individual market, which before the Affordable Care Act was a broken entity.

Before the Affordable Care Act, insurers could actively discriminate against the sick and kick them out if they wanted to.

That ended with the Affordable Care Act.

Mm-hmm.

And as the US population ages, MIT's Jonathan Gruber says we're looking at a looming labor problem.

America is going to be Florida.

We have no plan for credibly meeting that massive change in the long-term care needs of our population.

It may be unrealistic in this political environment, but he says one obvious solution is increasing legal immigration.

There's a natural trade to be made, (laughs) which is to let people who would like to come live in America and be happy to work for the low wages we pay our care providers to come provide the care we need.