Also in this playlist...
This transcript is automatically generated
Get things is I -- at scandal is the biggest threat to the health care a lot may be not.
Yes she was against it now.
Unions and it's not the same ones who helped the president could say they're right the rising cost of health benefits is this deep group it's finally time.
I let -- -- flat line.
Hi everyone I've read about Eric the thing is bulls and then let's get ride you wish.
Shovels and -- this week we have Gary B Smith Tobin Smith Jonas Max Ferris John Layfield along with Christian Dorsey welcome to everybody.
So John -- the unions have it right this time.
Yeah they finally have -- -- I'm not sure how they didn't have Iraq before look this is something you'd see and engaged junior high student council politics.
It's paid let's give free speech -- -- -- No Wal-Mart and then also how we're gonna play Bartlett let's worry about that in a few years we'll get the rich kids to play for all this stuff.
That is the basic equipment that's out.
-- for employer plans about to lose her insurance are at the change insurance are downgrade your insurance.
And they're starting now to realize there are -- associated with this it really kicks in January 12014.
That's when you're gonna see an outcrop.
Of Americans right now things are worse off under obamacare I'm -- deputy 3%.
And -- are you get get rid of the health care -- because we're we're finally seeing them.
The people who were pushing it -- Not so fat lot of good old days before obamacare we had 10% unemployment and health care costs rising by double digits for three decades.
Look you know what you can't -- on the union side in this they have plans that are too costly and they should have to go to is to lower cost plans that was one of the fixes.
-- makes it means now that the bottom line is their health care plans cost -- much money that's one of the better parts.
Of this agree it would not so great health care program but this still is -- addressed by the people -- too much insurance and then consume too much health -- because of it.
It's as if your company bought you -- 30000 dollar car insurance plan that paid for maintenance and everything -- -- no deductible you fix every being.
You green for all changes every month.
And Iraq and cost that's how the world works with health -- you go to the other thirty does not plan they don't pay any premiums they consume a lot of health care.
But Christian bottom line is many of these union workers may be forced to change their insurance to change their doctor which the president many times promised.
Would not happen is that a reason to get rid of this law.
Rough not a reason to get rid of it it's it's the reason -- fix the problem that the health -- law has yet to address and that is how to make multi employer plans.
Not at a competitive disadvantage.
Compared to help these insurance exchanges the yeah it gets more expensive ballot isn't that the issue.
Well you know doesn't necessarily have to make it more expensive it residents are designed correctly but you know what we have right now is a situation where 26 million people.
Who like their health insurance are probably going to be forced.
To change it which is something that the law was not intended to do.
It can be fixed if you administration is -- to bill.
Gary B can't -- -- and who would you see the administration doing that.
How high I do not Brenda you know Christian had a great phrase when he -- not intended that's going to be the story of this whole.
Obamacare is like all the union people but -- OK -- won't support -- because our Cadillac plans -- -- rather like well -- But it won't.
Get -- -- -- by about thirty million Brenda are brought out there that what you read our British -- are leaving are covered his.
Please cut short you mean we're not covered it all.
And oh by the way all those uninsured people we're gonna protect what are still gonna be about ten million uninsured.
But threatening California -- all the the that major insurers out there are declining to participate in the exchange is so -- you're gonna have out there is less competition.
Anybody higher premiums just like you have a method to look at one -- Christian haven't had a chance to respond then on the goto.
Well you know it's.
Not it's not that the unions are trying to preserve really expensive rich plans what their -- they're seeking to do -- is find a way to make health care affordable.
And what's happening right now with the Affordable Care Act is it's adding cost to them.
But it's not allowing them access to the subsidies it's discriminatory -- that intent.
Keep in mind unions would much prefer -- single Payer.
System so it's not about preserving the you know the luxurious list of some of the plans that they have it's about making sure they're able to compete Ferrell.
Well my solvent and Toby and the tax subsidies that is the issue and that -- who knows what cost that would add.
Well I'd I'd I'd -- the point where we're missing here it is that word that -- it is which is the picks because remember.
If there's twenty million union.
Of members who woke up one day and an even the president -- the largest unions cannot sit by the way the map doesn't work.
And our expenses are costs -- go -- that we would get less care that -- -- caves in on them.
He's gonna want to have a fixed so guess what Brenda.
Let's get a lot of -- but you know there's other guys are -- in this deal and other people and all of a sudden.
A 200 billion dollar -- becomes a 500 billion dollar yes and all of a sudden all of a sudden the unintended.
Fixes are becoming out of it you know if you have a 2700 page bill that you have to make a 200 billion dollar that's one -- that it -- aspect.
Okay -- let -- and -- guy had been like yeah let me the -- up a good point it -- Think this massive project is gonna be out -- like every other massive project taken on by the government.
Bill what mile highway and come in on budget they -- And all the parking Federer.
Public senator comment budget all these things the Big Dig whatever they are all like a hundred to -- -- 1000% over budget.
Topic talks about the extra cost and it.
-- no we haven't even seen the tip of the iceberg -- it look like well John Donnelly yelled I'm what would've happened.
The economy do you think if if -- word to get rid of -- -- Look I think it helps the economy I think -- we look at some people who say they can't simply can't afford -- southern lower their workers down between not ours get below that thirty hour threshold.
-- is gonna play out over time and that obviously -- were talking about fixing something -- saying hear hear about fixing something that hadn't even been implemented yet.
-- like -- game -- brought forth game and all the sudden before the game -- starts to -- hey guys this plan states we've got to change it that before playing a single play.
This has not been fully implemented we did nothing for Health Care Reform.
All we did was -- a bunch of people to the roles of course is -- exacerbate the fractures that's what's going on right now.
-- -- and if we don't if someone doesn't propose a better plan there's no use going back to the old system that wasn't a pro hiring plan -- company still had to pay from people's health insurance.
And look there's people out there who have too much insurance believe or not.
And some alarming unions and those plans cost more than single Payer plan and a -- -- I do not think union members who negotiate these plans would want to switch to a more Medicare like plan.
Which -- -- to have the dental coverage and all the other coverage that you get on the Cadillac plans whether you work and invest and bank.
Or union they both of these 3040000.
-- -- plans that are tax deductible to the company it is it ridiculous to carve out.
It's why we consume so much health care so this has to be -- unfortunately.
We did address a lot he's issued this kind of extended the private system that currently exist so it's a little bit worse but I don't think going back to the other way it's gonna make more hiring -- -- yeah.
Yeah about insurance here that's what this plan is all about is all about -- -- develop one in the that we have done nothing to work on the problem that is -- care and that that's all right.
What the problem is talented bunch of people have health insurance and they can consume as much health care they want -- no real cost to them there's no incentives in the system to be healthy.
That wasn't addressed.
You basically he has in the health care system not insurance right big -- basically just expanded the current problematic health care insurance system the same tax deductions exists the same disincentives to be healthy I can -- -- -- -- Hold on tell me -- me jump in there and let us let us know what you think that happened to the economy.
But they -- -- about the economy recover as you know health care consumption.
Is about 20% to 020%.
Of our economy by 2015 when obamacare -- -- If we were to take these -- massive inefficiencies in these massive.
-- expenses that we know we're gonna come.
And those are actually going to be invested I don't know let's say in capital in businesses in solutions and private market solutions.
They're not only -- the economy be better off but it -- -- point.
Every employee who now president job act that says were only have 29 employees -- say quite like the staff -- company the web like till now I can do it those two things would probably add two million jobs -- we got rid of obamacare OPEC last word.
Filter by section