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Okla. Physician: Obamacare Will Create 'Chaos' in Marketplace

By    |   Monday, 06 August 2012 04:31 PM

Medical professionals remain in shock and “denial” over the Supreme Court’s decision upholding Obamacare, a program that will “introduce chaos into the medical economic marketplace” and lead to soaring prices, Dr. Keith Smith told Newsmax.TV.

“I think right now there’s a lot of disbelief,” Smith said in an exclusive interview. “I think that people are still shocked and in denial, (wishing) the Supreme Court had gone the other way.

"I think that there are a lot of physicians that had a few more years left in their practice that will cut that short. The mood is very pessimistic," he said. "I think a lot of people are going to quit that wouldn’t have quit, or they will quit earlier than they were going to.”

Story continues below video.

In a recent op-ed column, Smith — CEO and medical director of the Surgery Center of Oklahoma in Oklahoma City — likened Obamacare to a mugging.

“The bottom line is that a mugging has to occur first because the government doesn’t have any money that it didn’t first take from somebody else,” Smith said.

When asked about the motives of President Barack Obama and Democrats with their health plan, Smith said it was meant to “introduce chaos into the medical economic marketplace.”

He said, “The brilliance of the strategy in this bill was that the Obama administration identified the people they knew would fight — and it was the big hospitals, big insurance companies, big pharmaceutical companies, a lot of the people in the computer-software industry — and they brought them in and said, ‘Write this bill so you like it.’ And moments after the ruling came out from Justice Roberts and the Supreme Court, the stocks of all of these big corporations soared. They wrote the bill with the idea that they would make a lot of money.

“A lot of their small competitors would not be able to still stay in business. And the way the bill is written, there’s no doubt in my mind that it’s meant to introduce chaos into the medical economic marketplace so that prices will soar. That is the intention of the bill. The prices will get so high and the lines will get very long, like in Canada, because there will be price controls associated with this.

“Physicians are going to be paid amounts that are so low that the physicians are not going to want to see people for that price, kind of a Medicare price fixing for all,” Smith said.

“The lines will get long, the prices of premiums and care will soar and then the people will cry out and they’ll ask for help, and the government will then step in to try to solve the crisis they created with a single-payer plan. That’s their intention and has been their intention with this bill.”

Having coverage, he said, doesn't necessarily mean receiving care.

“There will be a lot of people that will have a new insurance card in their wallet that’s just going to be a worthless piece of paper,” he said. “It’s essentially going to give them a right to hope for care.”

For example, he said, more Canadians are seeking healthcare in Oklahoma City. It's evidence that the "right" to healthcare in Canada is no more than a myth.

"They have a right to a place in line. And that, I’m afraid, is where we’re headed with this legislation here in the United States,” Smith said.

Obamacare also will bring an "insidous" loss of patient privacy, Smith predicted.

“The electronic medical records that have been foisted on us and sold as a safety tool are really just, I call it, the KGB of medical intelligence,” he said.

Smith predicted that physicians and hospitals will transmit patient information to government officials in Washington, where treatment decisions will be made based on cost.

“That will be a rationing tool. There won’t be any medical privacy as we’ve known it in the past. That’s a major, major step back on the liberty front,” he said. 

Moreover, he said, coverage purchased from insurance exchanges will have mandated benefits, whether you want them or not.

"So a young working single man is going to have to purchase an insurance policy that covers breast cancer and childbirth.”

Obamacare is forcing physicians "at gunpoint" to buy expensive and intimidating electronic records systems, threatening to cut their Medicare reimbursements if they don't, said Smith.

"So physicians had to subscribe and had to buy these expensive systems and it’s a horribly bureaucratic mess, even in the private physician’s office now.”

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