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While today's focus was on the health care mandate.
Obamacare also includes major changes to the way doctors and health care providers do business physicians and hospitals across the country are scrambling to keep up with the new -- Joining me now Turkish reader -- -- -- the CEO of vital springs technology and I will call you doctor.
Listen we were talking in the break and I thought this was so interesting because now we seem to have.
Really big questions about the individual mandate and whether it -- Aiken standard not you say if it goes and the rest of obamacare stays in place it's a nightmare for insurers house so.
Absolutely because the insurers were banking on the mandate.
To help them cover the cost for all the people had to taken with preexisting conditions.
And the younger people who now you were able to join their parents' policies.
They are clamoring at the bit right now and I'm sure the CEOs of many of these insurance companies today are very nervous.
And what happened this morning because if the mandate falls through.
Then they have to eat the cost of taking on all of these people and it becomes unsustainable so it's chaos if that chaos at this absolutely.
We know it's interesting is that the industry is already changing dramatically in front of this is a lot of consolidation going on is this a good thing -- bad thing.
Well the consolidation has raised prices -- and you know this because in anticipation.
Of them having to take people long hospitals and insurance companies started gobbling up physicians' practices.
It's gotten really hard for private practitioners to actually stay in business because if they don't.
Succumb to the hospitals buying them up and they've got to compete with this monopoly.
In the community.
-- he would think this would have been good for doctors that you're saying if you're just a primary care physicians somebody with a general practice out there.
You're really under the gun you can't make it on your -- It's terrible.
-- have to foot the bill to go and implement electronic medical records they now have to consolidate and get paid less and go into the administrative hassles to be managed by an insurance company.
They have to see more patients.
And reimbursements are going down there's nothing good that has happened with doctors and well you know we'll hear from the patient point of view to -- we were promised that.
Our costs for health care.
Down in fact they've gone you look at the cost for failing insurance premiums were supposed to come down 2500 dollars a year they're going up 2200.
Adding that this trend is no sense to me because the original bottom obamacare Health Care Reform was supposed to be -- Bringing cost down and in fact the opposite happen.
That's right it was about keeping your doctor keeping your plan.
There -- few people can actually keep their doctor because insurance companies have shrunk the networks.
The other thing is about keeping your plan well as you said earlier in the show lot of employers are thinking about dropping coverage.
And telling people to go out and maybe get insurance from the insurance exchanges.
Insurance exchanges don't even exist.
They just rolled out the plan a month ago right -- insurance exchanges that have to be up and probably a little over a year that's scary.
It is scary stuff you know we had a plan in place.
And it was a -- was sponsored by employers.
There were no taxpayer dollars -- had to go to it this was highly sponsored by people employing other people.
It seemed to work pretty well it didn't cover everybody.
But it was a cost that was not borne by taxpayers.
Now that program.
Falling by the wayside 30% of companies likely to drop coverage.
Is this any way to operate health care in our country.
It's not and if you look at the key issues that came up this morning jury about the mandate.
You forcing people to buy something of value that they really don't even perceive or may not even exist.
So we just saying earlier to somebody that suppose I told everybody -- everybody has to have a car.
It doesn't matter whether the -- works or not whether it's a used car new car you just have to have a car.
Essentially what they're doing is saying that everybody's got to have an insurance policy very.
And simply having a policy.
Is not synonymous with -- having a policy that actually can cover the things when you need it.
And several forcing people to pay something for which they may not even be real value.
We don't know what the value -- at the end of the day that's really interest say -- -- we're gonna be watching this ever ability issued tomorrow -- it's this thing we started this interview with.
The idea of what happens if the mandate gets thrown out.
What should we be watching for -- those arguments is -- think anything in your mind that you're thinking boy if they address this issue.
This will be important.
Well I think today -- because as I said earlier the mandate goes hand in hand -- everything else in the law.
Because in the mandate goes over here that across the street the CBO's going to be.
Shot because all of the estimates in terms of how this bill is based on the mandate.
So it's back to the drawing board because look were already either the credit rating for the country is down.
We're at enormous deficit.
The mandate was really the crux of helping to pay for the bill and -- that is nullified.
Then we've got a major problem not just in terms of constitutionality.
But more on the economic impact how we actually paid for this elephant in the first place I was thinking you might come -- with good news but -- I wish I could -- thanks so much for coming -- gonna have really don't appreciate it.
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