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Obamacare was probably the deadliest law passed in recent history.
Calley Means: "Unless we're attacking the core incentive that was embedded by Obamacare, which was probably the deadliest law passed in recent history. What Obamacare did is it ingrained the incentive that the medical system makes more money when people get sicker through this populist idea of like taking on the insurance companies, that said insurance companies can only make a 15% profit margin medical loss ratio. They need to pay out 85% of their spending. But because now insurance companies can only get 15%, but by law enshrined in Obamacare they can raise premiums to get that 15%, what's their incentive. Your incentive is for the pie to grow. Your incentive is for cost to go up. So Obamacare actually incentivized insurance companies to have no cost controls. No cost controls it means more people getting sick. So we're talking about inflation right now. By far the top driver of inflation in America right now is healthcare. And that's happening because there's no rain on cost. There's no rain on cost because everyone makes money when we get sicker...
Obamacare out of a populist kind: "Oh we're gonna cap their profit margins", but they lobbied again they can raise prices to get that 15%."
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