The Obamacare Grift That Bankrupted America

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Shut down stupidity and quite frankly, you know, we got to take a good hard look in a mirror. American stupidity. I’ve talked about this before when it comes to elections. The reality, we’re at a point in time here in this country where it’s not about the independent vote. about the, it’s about getting out the dumb vote. How do you get out the dumb vote? You give people things. And that’s basically what Obamacare has been from the get.

Why are we shut down? Why is the government shut down? Government shut down because of more free money. well, thing as free money, more money coming from we the taxpayers that quite frankly, quite frankly is not going to anybody. No, not, not, not anybody, no individual person out there. Well, it’s, helping people pay for their health insurance and the price of health insurance is going to go through the roof if we don’t do this stuff.

Let me favor shut up. Okay, I’m sick and tired of hearing the whining about this. Okay, you wanted this. You wanted this. What do you think happens when you subsidize something? The price goes up. I’m gonna break down how dumb this is. And listen, I don’t mean to be harsh and I don’t mean to be mean to everybody out there, but think for a second. Okay, let put it to you this way. You have a refrigerator.

You bought a refrigerator and that refrigerator has been lousy. You’ve had it for a period of time and you’ve got to constantly have guys come out and fix it. You got to put money into it. It breaks again. It breaks again. And the repair bill for the refrigerator, if you want to get it fixed is, I don’t know, $500.

$500 to fix refrigerator. They’ve already poured a ton of money into this thing. Or rather than fixing the refrigerator, let’s say you can go out and buy a new refrigerator for $250. Again, I know these numbers aren’t what they’re selling stuff at Best Buy. okay, humor me for a second. Why would you fix a refrigerator? Why wouldn’t you just go out and get a new one?

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Obamacare. Obamacare hasn’t been good for America, hasn’t been good for taxpayers, and it hasn’t been good for physicians. Who has benefited from Obamacare? I want you to think real hard.

Insurance companies insurance companies. We forced Obamacare through 16 years ago. 16 years ago, forced it through. Premiums skyrocketed. How come I can’t get one person in the damn media out there to say Obama said your insurance costs are going to go down by $2,500 premiums have skyrocketed.

Then during COVID, because we’re just giving away cash during COVID, we add additional subsidies. Add additional, what do you think is going to happen? What do you think is going to happen? Oh, guess what? The premiums went up even more. Basically, this is corporate welfare.

corporate welfare that you have coupled that with a whole ton of fraud. And we’ve shut down the government to continue this scam. That’s what’s going on. Why? Why can’t you Republicans go out there and explain this to people? Why? Why can’t you do it? You can’t lay this out in front of people saying this has been a disaster. It’s been a disaster.

Now, we’ve got Republican and Democratic senators trading ideas on how to open up the government and giving a temporary reprieve on subsidies for health insurance. No. Okay. You go out and you say, you know what? We’re not going to reopen the government. You know what? Everybody, don’t buy health insurance. What we’re going to do is we’re going to put the stupid health insurance companies out of business. Goodbye.

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But that’s what I would do. I said, I’m telling everybody, don’t buy it. Don’t buy it. Start making, start making, everybody start paying, charging what people can afford to pay. Priced or product according, start lay, I love it. Start laying off all these middlemen, all these paper pushers at the hospitals, all this crap. I wanna see doctors make a little bit of money here. There ain’t a dime, the reimbursements of going into the toilet.

Let me go through some of the numbers here, okay? Paying thousands upon thousands of dollars is a product that is useless. It really is, it’s useless. UnitedHealthcare, their revenue is 50 % dependent upon government subsidies. You have a freaking great, boom, and they’re gone. Boom, no government, what’s gonna happen to them?

They deny 33 % of their claims, by the way. Aetna denies 29 % of their claims. Blue Cross Blue Shield denies 18 % of their claims. Elevance, Cigna, Centene, they deny 16 to 17 % of their claims. Humana, and again, they also handle the military benefits administration. It’s basically a government payer denies 12%. And of all denied insurance claims in the entire United States, only 1 % of them are appealed.

And of those appealed, only 46 % of that 1 % are overturned. Health insurance is a scam. It’s a farce. The subsidy is not for you, okay? It’s not for you, it’s corporate welfare. That’s all it is. Can somebody please lay this out to the American people?

The only people who have benefited from this. The only people, the only, is the health insurance companies. That’s it. Do you know when Obamacare first went, there was like six, I think it six, seven million people were getting subsidies. You know, it’s about 23, 24 million at this point in time. Yeah, and the funny thing is they talk about the physicians not getting paid. When they do get paid,

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Okay, because again, they there’s always an adjustment lowering the reimbursement. And it takes you know how long it takes for a doctor to get paid in the sub 71 days on average. 71 days on average. We keep shoveling money at Obamacare. They Why are we cutting checks, massive checks to insurance companies forever and ever? It is

dead. Why are we going to extend it? Kill it. Put it away. This is your opportunity. Republicans, you hold yourself. I mean, we are going to hold the line here. We are going to blow this thing up. Do it.

It’s not that hard, it’s complicated. It’s not that difficult. Insurance is not a difficult thing to figure out. can have them put together catastrophic plans, a myriad of different things that could be done. But you have to destroy it the way it is right now. Not throw more money on it, not extend it.

I know we’re gonna have sob stories, this one’s gonna lose this and this one’s gonna lose that. mean, come on already. We’re hundreds of billions of dollars going directly to the insurance industry. It hasn’t lowered costs.

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Average monthly premiums per person have gone up from $242 in 2013 to $600 in 2019. Rick Scott had a piece. That’s 140 % in six years and that number is BS as far as I’m concerned. It’s much, much worse than that. I mean, I see it. I see it. I run a small business. I know what my clients pay.

Who trying to kid here? And it’s the same thing from everybody. Why do we even bother with this? What’s the point? It’s a point. get bills from here, there, and everywhere. Gotta keep, I’ve met my deductible. It’s designed to suck. It’s designed to enrich people that, quite frankly, aren’t providing any healthcare.

They’re not. Okay, again, I’m gonna do Mr. Rogers’ Neighborhood of Make-Believe really quickly here. Okay, we’re gonna go visit King Friday. Remember a little trolley train there, Mr. Rogers? We’re in a neighborhood of make-believe, but it doesn’t have to be make-believe. Imagine, again, I want you to picture this in your mind. Picture this in your mind. No health insurance.

No health insurance. What would happen?

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yeah, there’ll be a lot of people losing jobs that don’t provide healthcare.

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people would have to, prices would have to be priced based on what people can afford to pay. I mean, there’s so much stupidity. I laugh at this all the time. It was a great, I mean, again, I’m revisiting Watchdog on Wall Street radio shows, circa from 2010 to 2014, railing about this stuff. And where everybody’s talking about the one, look at this!

You’re gonna be able to, you gotta get it. You get a wellness visit. You get to go visit your doctor.

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Okay, do you understand what insurance is? Insurance is something that we all purchase that we hope we never have to use. Okay? You got life insurance, you don’t want to die, okay? You got your car insurance, you never want to use your car insurance for crying out loud. You get into an accident, something bad happens. You don’t want to use your home insurance. Bad shit happened.

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Do you buy your car just out of curiosity? When you’re shopping for car insurance, okay, do you look for wellness visits for your car? Does your car insurance, does your car insurance pay for an oil change or a car wash?

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No!

No. Does your home insurance policy, does it cover when you have to change a frickin light bulb? Huh?

Stupidity. Beyond stupid. Harsh language. I’m sorry, not sorry. It’s hard for me sometimes. I got a Don Corleone smack.

It will smack across the face from time to time here to try to wake people up. This is not working. Here you have a big fat, huge opportunity to blow up Obamacare. Do it. Do it.

Please get rid of it. Oh, the wailing and nursing and teeth and all people. Oh God, you can see the moves. People going to be without healthcare. Oh, baloney. Well, everybody’s just going to, you know, that’s it. No, hospitals are going to close. Doctors are not going to open up. No. Everything will reset to normalcy. Stop enriching people who are not providing healthcare. Okay?

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Make healthcare greater. This is what you need to do, Mr. President. Wreck it. Blow it up. Start over. You the last time because you had nothing. My concern, and again, I’m giving you the reality of the terrain, is that both sides get big fat checks from insurance companies. Both.

sides. They don’t want to lose that. It’s a gravy train for politicians. know, lobbying dollars that health insurance companies pay?

biggest griffs going. Anyway, I’ve said my piece. Watchdog on wallstreet.com.