Broker and Insurance expert Dennis Wolfe addresses the court’s ruling on the illegal Obamacare federal subsidies in states which chose not to setup exchanges...
Alan: Welcome back I’m here today with Dennis Wolfe. He is the founder of 1800 We Care For You, a health consulting website. Also he’s the co host of a nationally syndicated radio show- Waymen and Wolfe. Dennis welcome to today’s show.
Dennis: Thank you, thank you for letting me be here.
Alan: Dennis, you’re all about health care, now you’ve been preaching about Obamacare, now there’s been some recent developments and court rulings so why don’t you bring us up to date in what just came down.
Dennis: Well we need to back up just a little bit when the law was passed. Madam Pelosi, the speaker of the house at that time said, we have to pass it so we can read it to know what’s in it. Well after it passed, people started reading it and they found out what’s in it. One of the things that was in it specifically- the subsidies to help offset their high insurance premiums, were only available if the state itself setup an exchange. For example in California, you have covered California, that’s a state run exchange. In a state like Georgia, or 36 other states across the country, they said, we’re not going to setup an exchange, we’ll simply let the federal government do it, and we got Healthcare.gov for those states that did not setup their own exchange. The subsidy as it is written in the law, word for word is only available to the states that setup their own exchanges. So slowly through the court system over the past few years there’s been a law suite that reached the appellate court level in front of a three judge panel, so on Monday this week, 2 voting for, one voting against, said that subsidies could not be used to help offset insurance premiums for anybody who enrolled in Obamacare through healthcare.gov, in any state that doesn’t have an exchange. We’re talking about millions of people who are going to be without the subsidy to help pay their premium and the impact of that is going to be monumental.
Alan: So these subsidies and exchanges, where they design to just socialize medicine?
Dennis: Well I think that’s the ultimate goal of Obamacare, it was design to create a system that was going to fail. First of all you have to back up a look at how insurance companies built their system over the years. We don’t have enough time, however, we started out with no deductibles, then we had an increase in deductibles because premiums were going to go up. WE started with networks where you could go to any doctor, then we stated created preferred provider networks, then exclusive provider networks. When all this failed we needed another outlet and if you look at Obamacare you look at the ultimate extension f that. That is you limit the networks to keep the cost down. A friend of mine who happens to be the CEO of Anthem Blue Cross, Mark Morgan, he said, ‘we’re faced with a decision, do we limit the networks or raise the premiums. They wanted to keep the premiums down. When you look at the impact of this, people are going to start dropping their insurance. Who’s going to pay for the cost of healthcare when insurers aren’t there to cover the cost? Consumers don’t have enough money. It’s a perfect situation for the government to step in and say, we’re here we’ll take care of it, and then we have a VA scandal only now it’s a healthcare scandal across the whole country.
Alan: That’s a complete mess then.
Dennis: I would say its an unmitigated disaster.
Alan: What should people do that have already received notice that their coverage is canceled?
Dennis: You’re asking a loaded question there, because there’s different situations. There’s people that are receiving notices that there coverage is being cancelled because the carriers themselves can’t meet the standards required by the Affordable Care Act, aka Obamacare, there’s people who are having their coverage cancelled because the premiums so too high- the carriers aren’t going to cancel them but the people themselves are going to cancel the policies. So I don’t know what to tell them anymore. As a broker for almost 40 years selling health insurance administering insurance plans for large companies and small mom and pop businesses, you’re almost at the point where you don’t want to give any advice for fear of being sued. There are so many lawsuits out there.
Alan: How do you think this will ultimately will play out?
Dennis: This case is headed toward the supreme court. Whether the Supreme court will hear it- whether Roberts will Rule counter to when he ruled for Obamacare is another question. The dynamics here are insane. I couldn’t believe when he voted to support Obamacare the first time. I thought he was a principal Constitutionalist, now I think, ‘who got to you Mr. Roberts and where’s your palm tree?’
Alan: I’m visiting here with Dennis Wolfe, he’s the founder of 1800WECAREForYou.com and also the cohost of Wayman and Wolfe. Dennis I need to take a quick break,
Alan: And we’ll be right back with More on the Obamacare legislation.
Alan: Welcome back I’m visiting here today with Dennis Wolfe he’s a health care consultant and founder of the website 1-800 We Care for you. Dennis we’ve been talking about the affordable care act and recent legislations by the court’s ruling that have come down. Where the courts have basically said, you cant do what you want to do.
Dennis: Well one court has. Other courts have not, where of course is where the ground work is laid when you have conflicting court opinions to go to the supreme court.
Alan: So what does the public think about all this?
Dennis: Well first of all, no one likes insurance, I don’t like insurance! If someone said they likes insurance unless it was a CEO of an insurance company I’d be asking them : What’s wrong with you?” Nobody wants to buy it, it’s a concept that we have to have it to share the risk. Now having said that when you buy insurance for your car, you know at least you have insurance to rebuild your car in case there’s an accident or injury. When you’re buying health insurance you’re buying this on a gamble that you may not get sick for many years. So its something that you put on the shelf and you get frustrated every month when you have to write that check. And nothing happened till that one day. So you’ve got this massive confusion on how this whole health care cost delivery works in this country. And when you have that confusion and when you couple it with policies that people don’t understand you’ve got a perfect storm for massive disobedience and frustration. I predict people are going to be dropping their policies.
Alan: What about the insurance companies, how are they responding?
Dennis: I think they’re scared out of their minds. Because they’re trying their best to maintain a business I’m going to give them credit as a business, they’ve delivered the product. But their in a quadrant because if they loose all these revenues because they cant deliver a product that meets the guidelines of Obamacare, and people wont pay the premiums then you come to a point when you meet more than massive confusion amongst the consumers you create massive economic disaster. The insurance companies drive this country. Unless any person out there listening forgets this, look at the buildings you see in major cities, Prudential, The New York Life building the Metlife building, I could go on and on and on. A lot of major commercial buildings in the down town areas are built with mortgages financed by the insurance companies from their reserves, from which they use to pay claims and revenues come back in the form of payments. If these insurance companies go under, where’s the money? Where’s all the jobs? The trickle down is going to be disastrous.
Alan: What about the medical community how have they reacted to all this?
Dennis: Well there you have another dilemma. And I really support a lot of the independent physicians out there and around the country who are doing their best to create, I hate to use this word but that’s what it is, concierge type service. Saying I will pay an annual fee, maybe on a monthly basis to a doctor and I’ll have access to that doctor any time I need it. The hospitals are going to be scampering. Hospitals right now are being severely limited by the HHS Healthcare Human Services department 1300 page recent rulings on how to manage Medicare, medicaid they cant even readmit a patient under certain conditions and get paid. How do you stay in business if you’re forced to take people and don’t get paid for it?
Alan: Is there anything we should be doing today in light of this legislation?
Dennis: I can give you a one word answer, Pray, Pray for America
Alan: Prayer works.
Dennis: Prayer does work
Alan: And so there’s an appeal on the way?
Dennis: Well the ground is set. Now with this new opinion it will go to a three judge panel, the petitioners for the defendant, Obamacare the federal government are probably going to go and petition the appeals court for an in bank ruling which is of course is the entire groups of judges on the appeal court. And they may or may not uphold it. Regardless the other groundwork is set from other judges who have already dismissed the case, its going to go to the supreme court, it has to.
Alan: So using your crystal ball, what do you think ultimately will happen?
Dennis: I’m almost afraid to say anymore but I can almost smell a punt coming. Obama really cannot issue an executive order to make this go away. I’m sure his advisors are telling him, hands off this one. Let it goto the courts. The courts then have the ability, they’ve none it too many times to decide from the bench. And reinterpret the penalty as a tax. As Roberts did, to justify the mandate. So you don’t know really where it’s going to play out. If it was the letter of the law as it was exactly written it’s a slam dunk. The slam dunk being that the case had to be thrown out. This world deal a crippling blow to Obamacare. But with so much pressure who knows?
Alan: I’m visiting here today with Dennis Wolfe he is the founder of 1800WeCareForYou.com and also the co-host of Wayman and Wolfe, nationally syndicated. Dennis we need to take a quick break. We’ll be right back after these messages.
Alan: Welcome back, I’m here today with Dennis Wolfe he’s the founder of 1800WECAREFORYOU a healthcare consulting website. Dennis we’ve been talking about the affordable care act the recent legislation. I want to turn the page for just a second here and talk about the veterans administration scandal.
Dennis: Do we have a couple days? This is a nightmare you have an internal combat literally you have a war within the veterans administration SEIU employees Service Employees International Union who is latterly impetrated within the veterans administration. And their all fixated on making their bonuses making their targets. They’ve been outed in Phoenix and the it went to Philadelphia and then it went to all over the county in the last few months. That they were fudging the record of appointments. People have one in, our veterans. People who fought for this country. Whether you agree with the war of military issue. They fought to keep this country safe so you and I could be sitting here and people go about their lives. They don’t deserve this. There are people who are now getting appointments where the families are going, Ummm excuse me de died six months ago, veterans ant getting their wheel chairs. I could go on and on but what’s really concerning about this is the first thing Eric Shinseki did was he fired Robert Petzel who was his second in command who was only 4 months from retirement anyways so he was going to get his retirement, we wouldn’t want to disturb that. And I had predicted when I was on my regular show that Obama was going to fire Shinseki, I said watch when he starts calling him Eric you know he’s on his way out. And sure enough when president Obama got up there and said Eric has me full support I thought to myself this is right on the Godfather so sure enough Eric Shinseki was fired. Now you’ve got McDonald coming in there who is the Proctor and Gamble former CEO who is a business man you’d think, you go on record and say this is great he’s going to trim fat he’s going to figure out how to make this veterans administration work better. And then I thought to myself this is going to be a shredding you’ve got the SEIU coming in on one side their starting to get their motors going o get their blades going because their going to protect their Fieftem. Then you’ve got McDonald coming in there right now he’s going to the hearings to be confirmed who else wants the job? Their going to fight over what has to be done to stream line this. The biggest concern I have is if the federal government can’t run the veterans administration at all and its not been just last week, this has been brewing for years. Even president Bush when he left office had not fully addressed it. So he doesn’t get any leeway from me either. But president Obama made it a big issue when he first ran for office he said he’s going to fix it. Nothing has been done in six years. So both of them have some blame. But regardless you’re going to see this situation get worse and you start to ask yourself. If they cant run this and in light of what you asked me earlier about in light of socialized medicine. You throw up your hands and go Oh good grief this is what we want for national healthcare? So my big concern is not the National Veterans Administration is handing out vouchers so these patients, veterans can go get care outside the A buildings and go to private hospitals. That means there’s more of s burden being placed on the system and a massive illegal immigration flux with them all needing care with all the dieses they’re bringing in. The healthcare system cant handle it. And that why you’re seeing 5 hour waits or longer in emergency rooms.
Alan: The baby boomers
Dennis: Oh which I’m one
Alan: With all these Baby Boomers getting ready and set to retire do you think the mandatory retirement age is affecting Medicare?
Dennis: Defiantly When I wrote my book in 1991 The Sick Solution a prescription for national health. I flat out eversiated Medicare, I said we’ve got to get rid of it. What we need to do is to allow people to continue to work to do what ever they want with their lives and they then determine when they want to retire and that becomes their own personal trigger. The greatest thing about America is probably out individualness and out entrepreneurship so I want to work till the day I don’t want to work. But when that day comes I may be 71 instead of the mandatory 65. So at that point I would trigger retirement due to age. The baby boomers are now reflecting just how much we need to go back and look at that idea because its going to create such a burden on this country. I don’t think we can fund to liability.
Alan: Is there anyone exempt from the affordable care act?
Dennis: Yes, and I don’t mean to create a firestorm here certain religions, the Islamic faith for one has dimitude which they don’t believe in any healthcare or health insurance cost. They are exempt. I believe their may be a few others but that one comes to mind.
Alan: How do they cover themselves.
Dennis: They don’t, I actually have employees at groups who are very steadfast to their faith and they signed the forms and say they absolutely don’t want to participate in any health insurance and that’s their decision,
Alan: Well Dennis we’re running short on time here but if a person wants more information on the Affordable Care Act.
Dennis: Well they can do one of two places. We’re building the website for Wayman and Wolfe all about America its W2a3.com you can contact me there we’re ultimately coming out with W2a3 university to help award people certificates as they learn more about whats going on in this country. Or they can contact me at 1800WeCareForYou.com and I’ll make a special offer if they do contact me through the website I will give them a free advanced healthcare directive through airs which is our new product we’re unveiling. Everything else is free on the website.
Alan: Dennis Wolfe, that’s for being on today’s show
Dennis: Your welcome, thank you
Alan: We’ll be right back after these messages.