Title: Why the Affordable Care Act Did Not Make Insurance More Affordable
Guest: Jim Vollmer, MHA, GBA & Employer Benefit Solutions President
On March 23, 2010, the signing of the Affordable Care Act (often referred to as ACA or Obamacare) rules were established for employers and insurance carriers. Why is it that those rules did everything BUT make insurance more affordable? To answer that 1question, we’ve asked Jim Vollmer the President of Employer Benefit Solutions to come in the studio and walk us through this.
1:00 Jim- What attracted you to work in insurance?
1:50 Jim- How has insurance changed over the past 18 years ago?
2:20 From a doctors perspective, how has practicing medicine under insurance changed over the past 20 years.
5:17 Quality of care- not boxes being checked, but decisions by the providers
8:00 Socialized Medicine, what it was like for Dr. Gaman to practice medicine in Canada
12:25 Preventative care is included in insurance plans, people not using them
13:15 Affordable Care Act- originated to help people with insurance, but it's not very affordable unless partially subsidized by government
14:55 Insurance companies making record profits, why do rates continue to go up?
15:55 Shut down of economy caused utilization of insurance to go down, so for over 50 employees- rates not rising
17:47 Unwrapping the Affordable Care Act
21:53 High risk pools
23:30 Guaranteed Coverage
25:53 Price increases correlate with government coverage mandates
27:23 What should insurance actually cover? Groceries, massages, etc?
31:11 Insurance companies making large, over-projected profits- should they divide excess and rebate it back?
33:00 “Executive Medicine Moment” At Executive Medicine of Texas we understand that true health can only be found when you treat the patient as a whole. That’s why our Executive Physical Exams are second to none in the amount of testing and information we gather prior to making a wellness plan for our patients. Learn more about how you can take charge of your health at http://www.EMTexas.com
33:47 “Pressing Health”- Health news that’s fresh off the press. We’ve talked before about the differences between brown fat and white fat, but as a refresher, brown fat burns calories and helps fight obesity. The problem is that brown fat is no longer in abundance as we age. But thanks to some genetic modification of white fat, through CRISPR, researchers at the Joslin Diabetes Center have found that potentially transplanting these fat cells, patients may be able to reverse diabetes. The cells (human brown-like) fat cells have been given the acronym, HUMBLE. Mice given the HUMBLE transplants displayed much greater sensitivity to insulin and ability to clear glucose from the blood, the two things that type two diabetics have trouble doing. The pre-clinical trials are promising, so this is the research to watch! https://www.sciencedaily.com/releases/2020/08/200826141413.htm
Find out more about Jim: https://ebslp.com/about-us/
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