I Hate It When a Plan Comes Together: Insurance Wins, You Lose

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Just as predicted, Congress is moving to extend Affordable Care Act subsidies—another massive cash infusion for insurance companies, paid for by the public. Despite earlier promises, Republicans joined Democrats to force a vote on a three-year extension, adding hundreds of billions in new spending with no real reform attached. In this episode, Chris breaks down who really benefits, why Washington smiles while taxpayers lose, and how both parties continue to protect the same powerful interests. In the end, it’s not red versus blue—it’s the insurance industry versus everyone else.

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):
Look at that, looks like insurance companies are gonna win again.
And yes, we the people are the biggest losers. That's right.
You know, there was the television show I used to
like when I was younger with that was George Papard
was in it. Mister Tba Bracus and George Papard would

(00:39):
always after the A team, would you know, foil a
plot or get something done? You always say I love
it when a plan comes together and be smoking a cigar.
I hate it when my predictions come together as expected,
as expected.

Speaker 1 (00:57):
I know.

Speaker 2 (00:58):
We were told by Mike Johnson that no, we're not
gonna have any vote on extending the subsidies. Well, four
Republicans joined with Democrats to force a vote on extending
the UH Affordable Care Acts subsidies for three years. Another again,

(01:21):
covid eras for another three years. Again big win for
the Democrats. Huge, huge, not again shut down the government
shut down. This is nothing. There's no provisions in this,
there's nothing. That's just just giving away cash to insurance companies.

(01:45):
Oh yeah, and I'm gonna want to let you in
a little secret, let you in on a little secret. Yeah,
they got. They got four Republicans to sign on. I
can almost guarantee you I can behind behind closed doors.
They were basically like, all right, we're looking for volunteers

(02:05):
to do this. We're looking for volunteers to do this.
Mike Lawler has been very out there again New York
of course New York Republican, which means he's a left winger. Anyway,
you know, we need volunteers because we need to get
this through.

Speaker 1 (02:22):
Yep.

Speaker 2 (02:25):
So so this is what we got. He got Brian Fitzpatrick,
Rob Bresnahan, Ryan McKenzie, they're all from Pennsylvania, and Mike Lawler.
And this is what Mike. When leadership blocks action entirely,
Congress has responsibility to act. My priority is maturing Hudson
Valley families aren't caught in the gridlock. Right right here

(02:49):
we go. This is an additional what half trillion dollars,
additional half a trillion dollars. The Republican plan that was
put forward in my opinion, was half assed. It really was. Again,

(03:10):
it was nothing much, wasn't really much of a plan
at all. But here we go again. That the worst
healthcare system going. I mean, it's it's just awful, it
really is. Insurance companies are making a fortune and they're
smiling ear to ear. And let me tell you, most
of your members of Congress right now are smiling to

(03:31):
You can go looking up, you go look up open secrets.
You can find out who gets money from the various
different insurance companies and you'll see, you'll see the checks
will just keep coming. Again, I asked this question all
the time. I'm on a Republican team, I'm on the
Democratic team. Well, then you're an idiot. Okay, I'm sorry,

(03:54):
you are i idiot if you think that there's any
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