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Vital Springs Technologies CEO Dr. Sreedhar Potarazu on the factors that will drive up the costs for care under the health-care law.
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Well a new government report finds health care costs are set to skyrocket come 2014.
If most of obamacare takes effect that's according to the US Centers for Medicare & Medicaid Services AKA Uncle Sam.
Here away and doctors three harp -- not -- CEO a vital springs technologies other kind of doctor.
Sounds good aren't that -- so what do you make of these results is it true that obamacare is going to escalate the costs of health care.
This country.
Yes absolutely -- I mean the government keeps sinking in their own quicksand.
With this health law that.
Of course the cost you're gonna go up we heard this week that in preparation of -- Supreme Court throws out the mandate.
They may not cover a lot of the things that they're suppose -- that they promised that there are going to.
More people are.
Not.
Accessing the health care system today that are not getting the care that they need.
So you have sicker people that are waiting on the sidelines -- -- ultimately end up.
In the doctor's offices in the emergency rooms and of course health care costs are gonna go up and probably even more than what this government report.
Alludes to let's treat our isn't -- what's gonna happen here is that people who get kicked off of employer plants because they can't afford them anymore it's cheaper them just to pay the fine.
If it obamacare stays in force.
And and others are forced to fend for themselves -- we have a situation -- spending could actually go up not down.
It's gonna be a train wreck because if you follow through one what you just said.
With about 30% of employers saying look we're not gonna participate.
Let's let our employees go find insurance in the exchanges.
The -- there's about half of the states right now that have not even started setting up these exchanges -- what happens is.
You have.
All of these employees that are need going to need to find insurance that can't find it that aren't gonna go see the doctor because they don't have insurance.
So you're setting up an entire mechanism.
Because these costs are going -- go up because people aren't getting the care that they need.
And we've promised them.
How many times scary that look you can keep the coverage that you're going to have -- -- You can keep the doctor that you're going to have my god we have been so dishonest to the American people that none of those things are happening.
And they're gonna pay so much more.
Are right you believe that the Supreme Court could overturn it at least the individual mandate what would they leave in place and what would that mean how does that work.
So I think between tomorrow and next Friday.
We're gonna hear from the Supreme Court my prediction.
Is -- might be wrong that they're gonna overturn the mandate.
But leave other components of the law in place.
What that means there is.
That you unravel the economics of how we've paid for this law and again.
This is why the United's the -- is the Cigna has stepped up this week and said well wait a minute.
We said that we would step up that we would take on the dependents that we would allow for people with preexisting conditions.
But they've already.
Placed their bet they've already spent a lot of that money for and they are scrambling right now mean you and I talked about this you know in front of the Supreme Court.
Not too long ago.
And they aren't panic mode about what's gonna happen in the next week if the mandate gets thrown out because all of that -- gonna get pushed back on employers.
All of it is gonna get push back on consumers.
And guess what all of the cost are going up nothing is going down well I wish would brought us some -- administrator thanks for conflict -- -- show tonight.
I look forward to talking to you is this Obama care decision when it comes down of the CI -- and thank you also.
