November 10, 2025 • 10 mins
LISTEN and SUBSCRIBE on:
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President Trump proposes a bold shift in healthcare policy — redirecting Obamacare subsidies away from insurance companies and straight into Americans’ hands to buy their own coverage. But would that fix rising healthcare costs or just reshuffle who gets the money? In this episode of Watchdog on Wall Street, we break down Trump’s tweet, the deeper flaws in the Affordable Care Act, and why real insurance — true risk-based coverage — disappeared long before Obamacare ever arrived. From high-risk pools to Rand Paul’s “Costco healthcare” idea, we explore what genuine reform could look like and why Washington keeps missing the mark.
Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608
Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i
WATCH and SUBSCRIBE on:
https://www.youtube.com/@WatchdogOnWallstreet/featured
President Trump proposes a bold shift in healthcare policy — redirecting Obamacare subsidies away from insurance companies and straight into Americans’ hands to buy their own coverage. But would that fix rising healthcare costs or just reshuffle who gets the money? In this episode of Watchdog on Wall Street, we break down Trump’s tweet, the deeper flaws in the Affordable Care Act, and why real insurance — true risk-based coverage — disappeared long before Obamacare ever arrived. From high-risk pools to Rand Paul’s “Costco healthcare” idea, we explore what genuine reform could look like and why Washington keeps missing the mark.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
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):
Sending Albamacare subsidies to the people, Well, the President recommended
to Senate Republicans greet its exact tweet. I'm recommending to
Senate Republicans at the hundreds of billions of dollars currently
being sent to money sucking insurance companies in order to
save the bad healthcare provided by Obamacare, be sent directly
(00:39):
to the people so that they can purchase their own,
much better healthcare and have money left over. In other words,
take from the big bad insurance companies, give it to
the people, and terminate per dollars spent the worst healthcare
anywhere in the world. Obamacare unrelated, we still we must
(01:01):
still terminate the filibuster. Okay, let's break this down here. Okay,
any any subsidies, whether you're sending directly to the insurance company,
directly to the people, it's still going to keep prices up.
Is this alternative better? Sure? No doubt about it. However,
(01:22):
it again. It doesn't get to the root of the problem.
It doesn't again we call it Obamacare. The real name
is the Affordable Care Act. It is extraordinary to me
the way the the names Democrats come up for their
(01:42):
various different little schemes. The Affordable Care Act that has
nothing to do with affordability, the Inflation Reduction Act that
had nothing to do with inflation, and in fact, the
inverse actually came true in both of those situations. We
need to actually try having true insurance. Okay, health insurance
(02:09):
it seemed before Obamacare, it truly, truly was not insurance. Insurance.
Insurance is something that you buy that you hope you
never have to use. Insurance is something where you own.
You need to own insurance. But the right amount of insurance,
(02:30):
not a penny more, not a penny less, because if
you own too much, it's no good. I always make
fun of a lot of insurance salesman and annuity salespeople
out there and the crap that they push on people. Is,
for example, in the movie Groundhog Day, Needle knows ned Ryerson. Now,
if you're familiar with the movie, Needle Knows ned Ryerson
was an insurance salesman Groundhog Day, Phil Connors runs into
(02:54):
him every day, Phil, Phil Connors, is that you, oh,
I bet you don't have insurance, but you can probably
own more. I can everyone a off of it. You know,
the insurance pitch that he had to deal with every
single day. Anyway, neither here nor there. It's not insurance.
It's not insurance. Prices in risk. For example, if I
(03:21):
am going to go as young people, if I'm gonna
go out and I'm gonna buy myself a life insurance policy,
life insurance company is gonna check me out, maybe taking
an exam. I want to see what my health is like.
Can't go out and buy a life insurance plan if
(03:44):
you are terminally ill? Who is going to write that policy?
And there's a cost that's involved with that. And I
remember struggling with this notion when I first entered the
labor force, you know, a good hundred years ago, and
(04:04):
you know, seeing the poor condition many of my coworkers
kept themselves in and the way that they took care
of themselves, and we all paid the same price for insurance.
That's not insurance. That's not insurance. And that came from
the whole idea. And again I talked about this in
(04:25):
a prior podcast, The Scene and the Unseen. Oh, we
got to cover pre existing conditions. Okay, you want to
do that, and you want the government to help people
out with that, and again we could call that a
form of welfare, a social safety net. That's fine, But
(04:46):
then you need a high risk pool and you have
to take those people out of the pool with everybody else.
And if the government wants to subsidize that, you have
your high risk pool. Not to mention, we'll get back
to owning too much insurance. I myself am not planning
on getting pregnant anytime soon. I'm not. Uh yeah, well
(05:11):
again I'm being political because today's day and age. I
guess right, I can get pregnant according to these woka
jokes lefties out there. But anyway, o they're here or there,
here's my wife. Okay, empty nesters. At this point in time,
it is what it is. Okay, why am I paying
from attorney? Because I am so?
Speaker 1 (05:32):
Are you?
Speaker 2 (05:33):
I also have to pay for drug treatment for addictions,
and again we found out more and more what a
scam that entire industry is. I don't want to pay
for that again. When I had my kids, guess what
it was prior to Obamacare. I didn't have maternity. Then
(05:54):
I just paid. I paid. Okay, this is what it's
going to cost. This is what se soup to nuts, doctor, hospital,
whole thing. Okay, there you go, pretty simple, right. Yeah,
I can go on and on and on. By Trump
not sending the money directly to insurance companies and the people, again,
(06:18):
money is still getting into the system, and anytime you
subsidize something, the price is going to go up. Rand
Paul recently put out some ideas talking about allowing people
to ban together in large groups. He talked about selling
health insurance through like a costco or even an Amazon
(06:40):
where Amazon Prime members can all be a part of
it and it allows for greater negotiation and a myriad
other things that helps. It does, and I think that's
something you should do. Not to mention again, you should
be able to buy insurance across state lines. Need to
have more insurance companies out there. That's reality. Go back,
(07:01):
go back and take a look how many insurance companies
existed back in the nineties and fifties and sixties, Way more,
way more than there are today. Again, you also want
to have price clarity. We should all know what everything costs. Okay, menu,
I want to mendu. I want to know what everything
(07:21):
is going to cost. Okay, this is what it's going
to cost when I go for This is how much
it's gonna cost. To let you know, people put their
prices out and then you can compare. It is what
it is people. We don't have health insurance here in
this country. It's something we need to fix because everyone
hates us. I can't stand the system. I can't stand
(07:46):
the system as it is right now, as it is today. Again,
if it frustrates, frustrates the hell out of me. Waste
a lot of my time. Waste my time when I
when I get bills and from doctors for let's say,
from my kids, and I look at this and I
like this is bullshit. And then you call up they're like, oh,
(08:06):
yeah it is, We're going to lower that. Why Why
why are you doing that? Why? It's the the frustration
that's involved. You always feel like you're getting ripped off.
And that's how the American people feel. And that's what
Obamacare is wrought. The original purpose behind Obamacare. And again
you can go back and you can listen to the
(08:27):
things that Barack Obama said was to essentially wreck the system.
They knew back at that point in time that they
couldn't sell single pair. They couldn't. That's what they want
to get to. They want to get to single pair.
And we're basically, and I made this point before, we're
(08:50):
at a point in time where again, unless you're going
to fix what's happening right now, and we really haven't
seen any proposals at all, and Paul just put one forward.
Mike Johnson keeps pretending like he's got one. We've got
lots of things going on. We've got top men working
on it right now. Sure you do anyway that might
(09:12):
be the option, just to allow also allowing people the
option if they don't want to to have their private
private insurance. What I foresee happen if they, you know,
they vote supposedly vote today reopening the government, and they
(09:33):
are supposed to have a vote by December. Okay, vote
by December on the enhanced subsidies, the Biden Obamacare enhanced subsidies.
I got a sinking, suspicion, sink and suspicion that devoted through,
devoted through. It'll be one of those votes, one of
(09:57):
those really ugly congressional votes that they'll take place like
the day before Thanksgiving or the day after Thanksgiving are again,
you know, closer to Christmas, when everybody is all you know,
you know, high on uh high on Hallmark freaking Christmas
shows and not paying attention on what's going on. Unfortunately,
you know, I don't want to be the pessimist, but
(10:20):
I've been around for a while. Watch talk on Wall
Street dot com.
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):
Sending Albamacare subsidies to the people, Well, the President recommended
to Senate Republicans greet its exact tweet. I'm recommending to
Senate Republicans at the hundreds of billions of dollars currently
being sent to money sucking insurance companies in order to
save the bad healthcare provided by Obamacare, be sent directly
(00:39):
to the people so that they can purchase their own,
much better healthcare and have money left over. In other words,
take from the big bad insurance companies, give it to
the people, and terminate per dollars spent the worst healthcare
anywhere in the world. Obamacare unrelated, we still we must
(01:01):
still terminate the filibuster. Okay, let's break this down here. Okay,
any any subsidies, whether you're sending directly to the insurance company,
directly to the people, it's still going to keep prices up.
Is this alternative better? Sure? No doubt about it. However,
(01:22):
it again. It doesn't get to the root of the problem.
It doesn't again we call it Obamacare. The real name
is the Affordable Care Act. It is extraordinary to me
the way the the names Democrats come up for their
(01:42):
various different little schemes. The Affordable Care Act that has
nothing to do with affordability, the Inflation Reduction Act that
had nothing to do with inflation, and in fact, the
inverse actually came true in both of those situations. We
need to actually try having true insurance. Okay, health insurance
(02:09):
it seemed before Obamacare, it truly, truly was not insurance. Insurance.
Insurance is something that you buy that you hope you
never have to use. Insurance is something where you own.
You need to own insurance. But the right amount of insurance,
(02:30):
not a penny more, not a penny less, because if
you own too much, it's no good. I always make
fun of a lot of insurance salesman and annuity salespeople
out there and the crap that they push on people. Is,
for example, in the movie Groundhog Day, Needle knows ned Ryerson. Now,
if you're familiar with the movie, Needle Knows ned Ryerson
was an insurance salesman Groundhog Day, Phil Connors runs into
(02:54):
him every day, Phil, Phil Connors, is that you, oh,
I bet you don't have insurance, but you can probably
own more. I can everyone a off of it. You know,
the insurance pitch that he had to deal with every
single day. Anyway, neither here nor there. It's not insurance.
It's not insurance. Prices in risk. For example, if I
(03:21):
am going to go as young people, if I'm gonna
go out and I'm gonna buy myself a life insurance policy,
life insurance company is gonna check me out, maybe taking
an exam. I want to see what my health is like.
Can't go out and buy a life insurance plan if
(03:44):
you are terminally ill? Who is going to write that policy?
And there's a cost that's involved with that. And I
remember struggling with this notion when I first entered the
labor force, you know, a good hundred years ago, and
(04:04):
you know, seeing the poor condition many of my coworkers
kept themselves in and the way that they took care
of themselves, and we all paid the same price for insurance.
That's not insurance. That's not insurance. And that came from
the whole idea. And again I talked about this in
(04:25):
a prior podcast, The Scene and the Unseen. Oh, we
got to cover pre existing conditions. Okay, you want to
do that, and you want the government to help people
out with that, and again we could call that a
form of welfare, a social safety net. That's fine, But
(04:46):
then you need a high risk pool and you have
to take those people out of the pool with everybody else.
And if the government wants to subsidize that, you have
your high risk pool. Not to mention, we'll get back
to owning too much insurance. I myself am not planning
on getting pregnant anytime soon. I'm not. Uh yeah, well
(05:11):
again I'm being political because today's day and age. I
guess right, I can get pregnant according to these woka
jokes lefties out there. But anyway, o they're here or there,
here's my wife. Okay, empty nesters. At this point in time,
it is what it is. Okay, why am I paying
from attorney? Because I am so?
Speaker 1 (05:32):
Are you?
Speaker 2 (05:33):
I also have to pay for drug treatment for addictions,
and again we found out more and more what a
scam that entire industry is. I don't want to pay
for that again. When I had my kids, guess what
it was prior to Obamacare. I didn't have maternity. Then
(05:54):
I just paid. I paid. Okay, this is what it's
going to cost. This is what se soup to nuts, doctor, hospital,
whole thing. Okay, there you go, pretty simple, right. Yeah,
I can go on and on and on. By Trump
not sending the money directly to insurance companies and the people, again,
(06:18):
money is still getting into the system, and anytime you
subsidize something, the price is going to go up. Rand
Paul recently put out some ideas talking about allowing people
to ban together in large groups. He talked about selling
health insurance through like a costco or even an Amazon
(06:40):
where Amazon Prime members can all be a part of
it and it allows for greater negotiation and a myriad
other things that helps. It does, and I think that's
something you should do. Not to mention again, you should
be able to buy insurance across state lines. Need to
have more insurance companies out there. That's reality. Go back,
(07:01):
go back and take a look how many insurance companies
existed back in the nineties and fifties and sixties, Way more,
way more than there are today. Again, you also want
to have price clarity. We should all know what everything costs. Okay, menu,
I want to mendu. I want to know what everything
(07:21):
is going to cost. Okay, this is what it's going
to cost when I go for This is how much
it's gonna cost. To let you know, people put their
prices out and then you can compare. It is what
it is people. We don't have health insurance here in
this country. It's something we need to fix because everyone
hates us. I can't stand the system. I can't stand
(07:46):
the system as it is right now, as it is today. Again,
if it frustrates, frustrates the hell out of me. Waste
a lot of my time. Waste my time when I
when I get bills and from doctors for let's say,
from my kids, and I look at this and I
like this is bullshit. And then you call up they're like, oh,
(08:06):
yeah it is, We're going to lower that. Why Why
why are you doing that? Why? It's the the frustration
that's involved. You always feel like you're getting ripped off.
And that's how the American people feel. And that's what
Obamacare is wrought. The original purpose behind Obamacare. And again
you can go back and you can listen to the
(08:27):
things that Barack Obama said was to essentially wreck the system.
They knew back at that point in time that they
couldn't sell single pair. They couldn't. That's what they want
to get to. They want to get to single pair.
And we're basically, and I made this point before, we're
(08:50):
at a point in time where again, unless you're going
to fix what's happening right now, and we really haven't
seen any proposals at all, and Paul just put one forward.
Mike Johnson keeps pretending like he's got one. We've got
lots of things going on. We've got top men working
on it right now. Sure you do anyway that might
(09:12):
be the option, just to allow also allowing people the
option if they don't want to to have their private
private insurance. What I foresee happen if they, you know,
they vote supposedly vote today reopening the government, and they
(09:33):
are supposed to have a vote by December. Okay, vote
by December on the enhanced subsidies, the Biden Obamacare enhanced subsidies.
I got a sinking, suspicion, sink and suspicion that devoted through,
devoted through. It'll be one of those votes, one of
(09:57):
those really ugly congressional votes that they'll take place like
the day before Thanksgiving or the day after Thanksgiving are again,
you know, closer to Christmas, when everybody is all you know,
you know, high on uh high on Hallmark freaking Christmas
shows and not paying attention on what's going on. Unfortunately,
you know, I don't want to be the pessimist, but
(10:20):
I've been around for a while. Watch talk on Wall
Street dot com.
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