American Doctor of 40 years explains how Barack Obama allowed insurance companies to steal unlimited amounts of money from taxpayers with the Affordable Care Act
“Where do our health insurance costs go up every year? — The reason is, it was designed that way. There's something called, in the Affordable Care Act, called the medical loss ratio. The medical loss ratio means that insurance companies must spend between 80 to 85% of all premium dollars on medical services. That means they're limited to 15% to 20% for administrative, overhead, and profit. So that means that they play a little game. The higher the top line is, the bigger that number is.
So now all we did was say, "Let's charge more each year." If you look each year, the insurance company's revenues go up every year.
The second thing they did to get around that was they started vertically integrating. What's vertical integration? That's when you start buying companies that are not insurance companies, but in similar businesses.
- So they started buying pharmacy benefit managers, which are middlemen for the drug companies
- They started buying pharmacies, they started buying physician services and physician groups
So why is that important? Well, think about this.
I'm the insurance company, I wanna make it look on paper like I'm making my medical loss ratio, because if I don't, I'm gonna have to pay a rebate.
So what I do is I have my physician over here who's owned, and I overpay him, but he's owned. So when I overpay him, all I'm doing is I'm showing I have an expense here, but it goes back in my other pocket.
Same thing for drugs. I can take a $50 drug, I can pay $200 for it. Now I've just gotten around the medical loss ratio, because somehow the government can't figure out how to trace that dollar beyond the insurance.
So that's how they get around it, and this is why our insurance premiums go up every year, and they're gonna keep going up until we change the system.”
I asked my producers not to make any clips from the dad grief portion but enough people reached out about this part I changed my mind.
Jim Nantz on what Arnold Palmer told him about his dad is one of the most impactful things I’ve ever heard. A lot of people need to hear this.
NEW: Father of 22-year-old woman who was brutally killed by a career criminal, absolutely unleashes during a House hearing against soft-on-crime policies.
"[He] dragged her out of bed naked, forced on her knees with her hands over her head ... BANG! Dead. Gone."
"Why? Because Alexander Davante Dickey, who was arrested 39 godd*mn times, 25 felonies, was on the street..."
Logan Federico was visiting friends at the University of South Carolina on May 3 when career criminal Alexander Dickey, 30, broke in and shot her before stealing her credit cards and going on a shopping spree.
Dickey had 39 previous arrests and 25 felonies.
Everyone responsible for keeping this man on the streets should be thrown in prison.
A repeat felon died by fetanoyl overdose, and the left burned every major city in America to the ground.
A Christian conservative activist was martyred in cold blood in front of the entire nation, and it sparked a revival for hundreds of thousands to worship Christ even louder.
Enjoyed the pod guys.
Was so happy to get to the Highlands a few years ago and played the big four you mentioned above. Won’t argue with where you place them on your scale.-spot on.
A few additional opinions for those planning a trip up north. Carnegie Club at Skibo castle was an amazing experience. Much like you recommend playing a working class Scottish Members club, playing Skibo is the opposite equivalent- leaving behind the 7-figure net worth tourists and hanging w the 9-figure plus crowd. Was one of the best golfing days of my life. The course is a solid tier 2. The service, the food, the views, the club are a 10/10.
Second opinion-Tain is a category 5 (I’ll play if you pay and you bring the Glenmorangie). Routing was uninteresting, fairway conditions were terrible, and the ProShop looked like a hoarders lived there. Look elsewhere.
Headed to Ayrshire and East Lothian in a few weeks. Love links golf
Far and Sure!
@principals_nose Golf wise Nairn and Brora are great. We were able to be “members for a day” at Carnegie Club at Skibo Castle , which was one of my favorite days golfing, but I’ve heard they don’t do that anymore. We stayed in Dornoch and found the town to be a little too sleepy for my liking.
Most companies badly want to get to modern, cost-effective, secure technology infrastructure, which means getting away from mainframes, moving from VMware to native cloud compute, and evolving from proprietary .NET only able to run on Windows to a cross-platform .NET you can run on Linux for better price, support, and security.
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Here comes AI-powered AWS Transform, which dramatically simplifies these daunting projects.
The early results are pretty remarkable to see. Customers are dropping their .NET modernization costs by 40%, completing VMware network transformation 80x faster, and cutting mainframe modernization timelines from years to months.
Very excited to make this generally available for our customers.