EXPOSED! Here's How Obamacare Destroyed Your Healthcare

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Let’s be real—health insurance in America is broken. In this episode of Watchdog on Wall Street, Chris rips into the racket that Washington and Obamacare created:

• Why nonprofit hospitals spend more on hedge fund managers than charity care
• The true cost of “affordable” care—Chris’s plan jumped from $5K/year to over $30K/year since Obamacare
• Why you’re forced to pay for coverage you don’t need (yes, even pregnancy insurance)
• How Hollywood ditched Georgia because UK healthcare was cheaper
• Why Marjorie Taylor Greene is right—our system isn’t insurance, it’s a prepayment scam

It’s not your doctor’s fault. It’s DC.

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Health insurance sucks. Let's just face it now. Listen. Okay,
if you're faint of heart, okay, well you might want
to change right now. Okay, suck it up, buttercup, we
are going to be brutally honest about healthcare here in
this country, healthcare, health insurance, the entire system in of itself.
I get constantly, constantly, I'm getting stories from people and

(00:40):
what they're having to deal with and going through approvals.
I had two doctors approve it. I still can't get
the insurance company to approve it. Yeah, listen, I get it,
I get it. But this was one big fat you see.
I told you so, a moment going all the way

(01:01):
back through Brooke Obama and the affordable corrupt and all
of the utter bull excrement they threw at us. I
don't even don't blame your doctor, don't. I'm sorry, don't. Okay, Well,
you think you see those medical bills that you got
to pay. You think your doctor's getting that, Yeah, right, sure,

(01:28):
Story after story after story I can go to. I
can explain to you how they structure the system, how
nonprofit hospitals and healthcare is they actually collect. You don't
need to collect more revenue every year in parking fees, cafeterias,

(01:49):
and gift shops than they spend on charity care. Here's
a here's a true story. Here's a watchdog on Wall
Street story. I this was slow three years ago. Three
years ago. I got into a pretty bad accident and
my again my face was ripped up pretty good, like

(02:12):
half my nose, had to have surgery, all sorts stuff.
I get to the hospital around eight o'clock at night.
Well again I didn't see anybody until like five o'clock
in the morning. And it was a nonprofit hospital, nonprofit hospital.
And again this was you know, maybe four years ago,
with the waning parts of COVID was still going on.

(02:35):
And again, you know, nobody could come into the emergency
room with me whatever. It maybe not that I needed
anybody there, but it was not a very good experience.
I'm sitting in this nonprofit hospital that didn't have water
fountains in it, and they're bringing people in. And these
are people that they were poor, they didn't have money,

(02:56):
they didn't have food. I spent spent basically the entire
evening basically buying people stuff. There's nonprofit hospital, nonprofit hospital anyway. Anyway,
do you know that these nonprofit hospitals as well, they
call themselves nonprofits. Do you know that they spend more money,

(03:16):
spend more money on their hedge fund guys. Yeah, their
money manager fees there. They spend more money paying their
Wall Street guys managing their endowments in the reserve than
they spend on charity care for patients. True story. Yeah,
I go on and on talk about, you know, storing

(03:38):
the Wall Street Journal. Twelve million enrollees of Obamacare don't
even bother to use their insurance, yet the health insurance
companies get the benefit. Here's kind of a side story.
This has to do with business here in the United States,
Hollywood in particular. Now, Hollywood's always looking to save a
buck or two when they're making movies because you know,

(03:58):
they got to pay their top actors a ton of money.
Never mind, you most of these top actors are socialists,
even though hey, they don't mind getting paid twenty million
dollars a movie. Well, they were making a lot of
movies in the state of Georgia. No more, no more're
not making as many movies in the state of Georgia.
Why it's cheaper to make them in the UK. Why
is it cheaper to make them in the UK. Well, again,
they don't have to pay the health insurance costs in

(04:21):
the UK like they do in the United States. Not kid,
You can't make this stuff up. And obviously because of this,
because most of the money and healthcare doesn't go to
the actual providers, the doctors, It goes to middlemen, goes

(04:42):
to administrators, it goes to the insurance companies, all of
this other crap. That's where your money goes. And that's
why you get crap insurance and you get crap care.
Oh yeah, it care sucks. And I'm sorry. Okay, it
might be a few exceptions out there, but again, I've

(05:03):
been through it at the point I don't trust doctors.
I go to the alternative guys. Now. I get my
blood checked every three months, making sure that all my
levels are right, my PSA is right. You know what
am I short on when it comes to vitamins? How
my hormones all that stuff. That's what I do. It's
a hell of a lot damn cheaper. Oh I'm going

(05:24):
to get a primary doctor. Why why the last primary
doctor I had when I had blood clots everywhere because
of the COVID vaccination. Oh no, just take the ibuterole,
just keep taking it. No, Doc, something's wrong, something's wrong. No, no, no, no, no,
no he was bothered. Okay, then I'm going to see
him again again. I never go to doctors, not like
I'm a hypochondriac. Yeah, I get pushed off to some

(05:46):
physician assistant. Did again, some know it all that didn't
have a clue what they were talking about. Meanwhile, I
almost ended up being dead in hospital. Hey, yeah, I
love healthcare in the United chemo's greatest healthcare system in
the world. Bullshit, it sucks. It sucks. And again it's
not the doctor's fault. Okay, this all goes back to Washington, DC.

(06:08):
This goes back to Obamacare. I actually went back today
and I took a look at what my health insurance
costs were prior to Obamacare. Prior to Obamacare, my health
insurance costs over the course of the year high deductible
health insurance, and what was my deductible for the year
fifty six hundred dollars. I had a fifty six hundred

(06:31):
dollars deductible for my family of five. Fifty six hundred
dollars deductive for my family of five my health insurance costs,
I would put fifty six hundred dollars into a health
savings account that covered that deductible. Now, oh oh, I
forgot My health insurance costs was about five grand for

(06:52):
the year. This is prior to Obamacare. Five grand for
the year. Now I'm spending over thirty thousand dollars. Still
got to put put that money into the HSA. My
deductible thoughts about fifteen thousand. Why can't I have Why
can't I have just simple hid deductile catastrophic insurance in

(07:15):
case something bad happens and I'll pay everything else out
of pocket. Well you're not allowed to, not allowed of
that that insurance doesn't exist anymore. Thanks to Barak, who's sane,
Obama baby, Yeah, you know, it's it's funny. I gotta
hand it. I gotta hand it to Marjorie Taylor Green.

(07:36):
As of late, she has been really hitting it ball
right out of the damn park. Oh yeah, she's been
killing it lately. She's been going off on property taxes.
Good for her, it's going after our relationship with Israel.
Good for her. And now she's taking on health insurance.
And she called it here. Health insurance is a giant

(07:58):
scam that has become completely unaffordable and it doesn't make
any sense. And I don't know anyone, and I mean
anyone that supports the current healthcare system in the United States.
Is she wrong? She's not. But again, we don't have
health insurance in the United States. That's what they call it. Okay,
And again to basically, uh, you know, I'm gonna I'm

(08:19):
gonna kind of channel an ego Montoya from a princess bride. Insurance.
You keep using that word. I don't think it means
what you think it means. We don't have insurance. Okay,
that's not what this is. You are pre paying for
medical expenses. You get some again, you get some sort
of you think you're getting some sort of deal because

(08:40):
you have insurance. You're not getting any sort of deal.
All this stuff is pre negotiated. Crap. How many people
out there and I advise this to everyone. You know,
you've got your your your health insurance and you got
your deductible, haven't met your deductible. You get some bill
and you're like, what doll blip, how is this possible?
You know? You do you call up, you call up

(09:02):
the company and said, this is BS. I'm not paying this.
Figure it out. What do you think? Most people are
not going to do that? Do you understand most people
are not going to stand up for themselves, so they're
gonna screw you, is what they're gonna do. They're gonna
give you some super high price there, assuming that you're
gonna be dumb enough to pay it. Don't get them

(09:26):
on the phone and say this ain't right. I Am
not going to pay this crap period the end, and
they'll come back, oh, oh yeah, we made a mistake.
You know, insurance, you're pricing in risk. You're pricing in risk.

(09:46):
There's a reason behind insurance. We don't do that. All
we need to have here in the United States, and
Obama made it illegal. Catastrophic insurance. Catastrophic insurance. All Obamacare
was was a big scam. Okay, you think he was
looking out for you. There's still talenting this bullshit known

(10:09):
as Obamacare. All it benefited was a damn insurance company's administrators, Middleman,
Wall Street, you name it, sticking it to you. But
people in this country are so damn stupid, They're so
dumb that they think they're getting some sort of great deal.
You're not. You're getting skewed. Or they were supporters of Obama.

(10:30):
And I don't want to see our first black president fail. Yeah,
talk about fail. Have you seen Barack Obama's presidential library
that is I don't know, half a billion dollars basically
over budget right now in Chicago, his his little ego
palace there. Anyway, I won't even get into that at

(10:55):
this point in time. What I'm telling you is, Okay,
here is another problem we have here in the United
States that could be dealt with very, very easily. The
Unit Party doesn't want to deal with it. They don't
you ever notice this? People go to any state capital,

(11:17):
any pick a state capital, pick a state capitol. Go there.
I guarantee you one of the biggest buildings, one of
the biggest buildings office buildings in any state capitol is
the state insurance Building. Yeah, state insurance building. Oh, it
is another frick and racket right there. Okay, one another one,
big fat, huge bureaucracy there to stick it to you.

(11:42):
I remember talking about this, but prior to Obamacare, he's
trying to put this thing through. All you need to
have is catastrophic insurance. You need to allow health insurance
to be sold across state lines, because again they didn't
allow that. Couldn't nope, nope, nope. Over every state's got
to have their own insurance and all this and all that. Meanwhile, meanwhile,
I'm paying for insurance just in case I get pregnant

(12:05):
at this point in time. Yeah, there's your Obamacare again.
I'm still you know, I gotta try to figure out.
I gotta go back and take a look at the
stuff that he did during his presidency. I'm trying to
figure out one, just one positive thing that came out
of his presidency. But if anything, this was by far

(12:27):
the worst by far. Watchdog on Wall Street dot Com