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Galen Institute President Grace Marie Turner and Vital Springs Technologies CEO Dr. Sreedhard Potarazu on the impact of rising health-care costs on do...
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The impact.
-- portable -- -- now after being supported by the Supreme Court yesterday's ruling we're joined now by doctor.
Street are -- -- through the CEO of -- springs technologies and grace Marie turner president of the Galen institute promoting free market ideas for help.
Care reform good to have you both -- where this.
Doctor -- coveralls -- let me ask you this.
The decision he is now oil in place.
Obamacare.
Is it's been laid out now what will be the impact do you think on the medical profession.
More importantly on patients.
The impact to the medical professional grew is going to going to continue to deteriorate.
In that.
The current mechanics have forced.
Insurance companies to try and gain.
Greater market leverage they've started buying up a lot of hospitals a lot of practices.
So that physicians.
Have less control there's actually becoming employees of these larger networks.
Which means that they're gonna have less say.
From the patient's perspective.
The consistent trend of cost going up.
-- isn't going to change the premiums have gone up since the law has been enacted.
We all know that if the consumers.
The average American consumer that's listening today was told that this is going to be attacks that we wouldn't have a law today.
And that the underlying economics of what we -- forcing the American citizens to pay.
Is unacceptable.
Because the underlying financial assumptions in this law are completely flawed and nobody can refute that.
First it was so I'm sorry doctor grocery.
These economic assumptions.
Are are they so onerous that we're going to see some curtailment of services or are -- simply going to be shifting all of these.
Well increasing costs on to the government on to taxpayers and and that what this means right now is.
On to future generations of Americans through.
Our national debt.
Well first of all the underlying assumptions of how this law is with allegedly paid for remember it's supposed to reduce the deficit.
Or flawed from the beginning.
And for example they say we're going to have 500 billion dollars in cuts to Medicare well every time.
The trigger point comes to for example cut doctor fees by 30%.
The congress overrides it so it's not gonna work from that perspective more and more costs are going to be shoved on to.
The private sector and yet -- secretary of health and human services has already been using her power to try to.
To -- Health insurance companies to keep those prices down at some point you can't artificially.
-- price controls to keep but to keep they.
The cost down while you are at the same time demanding that the -- policies cover more and more procedures.
It is long list of preventive care procedures for example they're supposed to be free to patients what where does that show up at shows up at higher health insurance premiums.
Wade and -- we see the met the mandates on what the long list of benefits that have to be covered.
We're going to were really going to see.
All the efforts to keep prices down from the top and all the pressures for prices to come up from the bottom.
And yeah -- I think that's right that were don't see doctors leaving the profession in droves.
Doctor coveralls -- what -- estimates are that fifteen -- we're going to be 151000 positions short period in the next couple of years op.
What is what your reaction what are your thoughts on what looks would be a building medical crisis in this country.
Of course it is where we have a supply and demand issue.
We just doubt increased the number of patients that can access the system.
We don't have the supply of doctors -- can actually provide care.
To these individuals.
So at some point.
The system is going to start bursting at the seams if the average time for a patient visit today it's seven minutes and maybe it's even the last.
And the existing system is required to absorb that excess demand based on this proxy for coverage.
Then of course you're going to have to take on more -- the amount of time that an individual gets what they're -- be much less.
And guess what mistakes are gonna be made.
And so the whole notion.
That coverage.
Is a proxy for care.
Is completely misleading the country and saying that just because the uninsured get care doesn't mean that you're getting a blank check.
And that you'll get everything covered and the I don't know how much the American public really understands -- And to that point grace Marie no one knows more than you do about the the economics and the impact of this -- politically.
Word strained for time here we give us your assessment as to how important.
Affordable care obamacare will be in the campaign.
Or is this a done deal.
Move on.
You know -- I think the American people fought the Supreme Court would rescue us from Obama care they didn't like it from the beginning.
The more they learned about it the more they didn't like it.
But now we're all gonna have to learn what's of this law because I believe it's going to be the major issue going into the fall campaign.
And the president cannot help but be unhappy about that is the centerpiece of this law has now been called -- tax.
And -- -- the most unpopular provision of the individual mandate.
People are gonna start to I I think it's going to be a huge motivate her for people to go to the polls because that's their last resort.
-- stop this are going to place this -- thank you very much for being with us thank -- -- --
