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.”
Tariffs
It’s clear that the President is succeeding in his reshaping of the global economy. He is opening up new markets and putting in a modest amount of protection that makes it more expensive to buy overseas and will stimulate some degree of US manufacturing. It not a barrier but a tilting of incentives that is not disruptive. At the same time this rebalancing will bring in about $200 billion a year (which is $2 trillion of deficit reduction) as we import about 11 per cent of our economy, which is $27 trillion in size. This will not have any real impact on inflation (as about half is paid by the foreign exporter) and as it’s a contractionary tax should lead to lower interest rates if the fed does the math.
🚨 BREAKING: In a stunning turnaround, the founder of HOME DEPOT, who did not want to vote for President Trump, is shocking the business world.
He also opposed tariffs.
Now?
"I am SOLD on Trump."
"I think he's got a good shot at going down in history as one of our best presidents ever," Ken Langone said
HOST: "That is a REAL turnaround, because you didn't want to vote for him!"
LANGONE: "I'll tell you the reason...I'm a believer. What I'm seeing happening is absolutely nothing short of a great thing. And there's a beat. People are walking with more bounce...I think this guy is turning out to be a [great] president."
BREAKING: USAID official and 3 company executives plead guilty in fraud and bribery scheme involving at least 14 contracts worth over $550 million
USAID Official Roderick Watson took bribes, was showered with lavish gifts— including cash, laptops, thousands of dollars in tickets to a suite at an NBA game, a country club wedding, downpayments on two residential mortgages, cell phones, and jobs for relatives.
In exchange for the bribe payments, Watson influenced the award of contracts by manipulating the procurement process at USAID.
Watson faces a maximum penalty of 15 years in prison.
Imagine how much more fraud there is…
HOLY CR*P 🚨 Democrats laundered SO MUCH MONEY before Donald Trump took office
In the 76 day period between Trump winning and Biden leaving office $93 billion was sent from the DOE, who GAVE IT AWAY WITH NO OVERSIGHT, TO ENTITIES WITH NO FINANCIALS
“The 76-day period you're talking about, that's the period between the time that President Trump was elected and President Biden left office — How much taxpayer money went out the door of the Department of Energy?
From the Loan Program Office in Loans and Commitments $93 billion. Well over twice as much as in the previous 15 years”
— You’re you're telling me that the Department of Energy in the 76-day period before their boss was gonna leave office gave our own money to entities that had no business plan?
“Correct.”
“No financials?”
“Correct.”
🚨NEW: Simon Property Group, an S&P 500 company valued at $60 billion, has announced plans to leave Delaware, citing concerns over "meritless litigation" and "judicial interpretation without a clear statutory bias."
Last year, Delaware activist Judge Kathaleen McCormick allowed meritless litigation to overturn @elonmusk's compensation package, overruling Tesla's board and 80% of its shareholders.
Instead, Judge McCormick ordered Tesla to pay $345 million in legal fees to attorneys representing a plaintiff who held only nine shares of the company.
In response, major corporations, including Meta, Dropbox, Tripadvisor, Pershing Square, Tesla, SpaceX, Neuralink, and others, have either left Delaware or announced plans to reincorporate elsewhere.
Judge McCormick has extensive ties to President Joe Biden, previously working at Young Conaway, a law firm among Biden’s top donors, and receiving her judicial nomination from John Carney, one of Biden’s closest allies.
In a March 2018 email, Hunter Biden claimed to personally know every judge on the Delaware Chancery Court while threatening legal action against his Chinese business partners.
Democrat lawfare leaves behind a trail of destruction for the State of Delaware.
Root for people. Help them reach their goals. Be kind. Be happy for others.
Life is already hard enough. Help others. Lift them up.
It won’t just change their life, it’ll change yours too.
We're back with a brand new episode of Club 46!
In this episode, @JaycrawfordCLE sits down with Leroy Kelly to discuss his football beginnings and filling the shoes of Jim Brown after his retirement.
Watch now » https://t.co/8UadM8Sr65
@Bridgestone
Commentary: When it comes to drafting Buckeyes it’s been O-H-I … don’t think so for the Browns – BrownsZone with Scott Petrak. #Browns https://t.co/5GaOczAUI8