Now next hour. Max kaiser a welcome to the kaiser report its you know one of those shows where you need to get your airsickness bag or your vomit. Were about to talk about one of the worst cases of presence or a bank stirrers defrauding and abusing the poor and sick that ive seen in a couple years you know weve introduced you to many instances of bankers preying on folks and but this is this is a this is really epic yes well 1st lets set the scene you and i have talked about the Health Care System here in america where america is essentially a hospital but a predatory hospital masquerading as a country so Something Like 19 percent of our g. D. P. Is hospital care is medical spend is so called health care one of the largest employers in the entire nation is the Health Industry mostly low you know paid sort of help staff and Health Care Facilities like cleaning cleaning the floors and changing nappies and stuff like that and they get paid like minimum wage but heres a story that went vir
Paycheck to paycheck is the. You know the legal its made legalized basi out would say by the apparatus of the state is legalized plunder right america is especially corrupt hospital disguised as a country yes and you have the jobs i just saw that for medical billing professional so they are great at setting up bills all the time for services that they dont provide socalled obamacare when you put the doctor bills into the mix they dont provide health care they simply extract wealth are there such places similar to the Energy Industry extracting oil and gas from the earth or the bankers with their fractional reserve banking extracting Economic Vitality the Health Care Industry extracts peoples money from their pockets and makes them a lot more ill you know the infant mortality rate the americas up the Life Expectancy in america is down so. And clearly this is not working now actually when i reach we did this somebody responded who wouldnt and should use insurance and psych so were going
A homeless woman with carrying her you know her shopping cart full of her belongings in the metro system there and she was singing this beautiful offer which we wont play because it probably copyrighted but it turns out mysterious viral l. A. Subway singer is revealed as classically trained musician who is made homeless by medical bills and had her 10000 dollars violin stolen when she was forced out into the streets so this is the reality of america this is why so many people live paycheck to paycheck is the. You know the legal is made legalized basi out would say by the apparatus of the state is legalized plunder right america is a socially corrupt hospital disguised as a country yes and you have the jobs i just saw that for medical billing professional so they are great at setting up bills all the time for services that they dont provide. Socalled obamacare when you put the doctor bills into the mix they dont provide health care they simply extract wealth are there such places simila
Industry extracts peoples money from their pockets and makes them a lot more ill you know the infant mortality rate in the americas up the Life Expectancy in america is down so i mean clearly this is not working now actually when i reach we did this somebody responded who wouldnt and should use insurance and psych so were going to cover that what actually happens for those like ourselves say we pay 25000 dollars 26000 dollars a year for a Health Insurance product one thing to note is that only most Health Insurance products the vast majority in america only cover in network well when your Health Insurance provider negotiates Network Prices with a very particular hospital or a particular you know doctor but that you know most of those hospital Emergency Rooms and many doctors. Many hospitals are actually owned by private equity and private equity doesnt like the reimbursement rates that even though hes a horrible Insurance Companies are able to negotiate so they get they make they force
Administration has largely avoided hitting consumer items this represents a crucial Inflection Point in the trade war with china as now the tariffs threaten the u. S. Economys main driver Consumer Spending despite headlines i go back and forth calling for progress has become ever more clear now that the trend is towards escalation not to deescalation in addition to increased duties on american exports china has now lodged an official complaint against the us at the w t o saying that the latest actions by elated at the consensus reached by leaders in osaka this lawsuit is now the 3rd that beijing has brought to challenge the. The us says that they are penalizing china for theft of intellectual property that is not covered by the rules although many trade experts say that any tariff above the allowed maximum must be justified at the w t o under the washington now has 60 days to try to settle this dispute. Then china could ask the w t o to rule a process that would take several years this