Obamacare Facts: Three Doctors Say Obama Blew It

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Almost half of Americans (47%) say the Affordable Care Act, aka Obamacare, is a bad idea, according to a fresh Wall Street Journal/NBC News poll.

The three healthcare professionals I spoke with this week believe the law overhauling the nation's healthcare system is a terrible idea.

All the doctors are disappointed with the real Obamacare facts they know to be true…

Dr. Michael Lospinuso of Monmouth County, NJ-based Orthopaedic Spine Institute, told Money Morning the sentiment is "unanimous" among his colleagues.

The chief of spinal surgery at Meridian Health, a leading not-for-profit health care provider in New Jerse's and named one of Fortune's "100 Best Companies to Work For" for four consecutive years (2010-2013), the widely accomplished Dr. Lospinuso just returned from Zurich's prestigious Schulthess Clinic, where he was invited to see firsthand how European medicine works.

He likens Obamacare to the two-tier medical insurance system in Europe. The top, or platinum level, is for those who buy private insurance and in return get top-notch care. Meanwhile, the lower level is for those who receive general practice care from the state.

"Those with GP insurance have no choice, they wait, and in the end, they suffer. While they wait, quality of life is reduced and end-of-life choices are greatly limited. That's the road Obamacare is leading us down," Dr. Lospinuso said.

What bothers Dr. Lospinuso so much is that the Obama administration didn't work with doctors in assembling a workable and sustainable healthcare plan. He is also troubled by how Democrats tainted the Republican Party in its fight against the president's signature bill.

"They have done a disservice to the American public and the field of medicine," Dr. Lospinuso said. "It's sad. We already work at a loss, because working to make people well is what we do. That's simply the integrity of our profession. It's in our fabric."

As for all the changes and delays, Dr. Lospinuso said, "The president simply changes the rules whenever he wants to fit his needs and political agenda. He had a great opportunity to do something great for America. However, he blew it."

And here's what really bothers Dr. Lospinuso…

Join the conversation. Click here to jump to comments…

  1. Freedom Fighter | August 15, 2013

    Sorry Doc, Obamacare is about CONTROL not HEALTHCARE. Socialism leads to Communism. See what Obama & his socialist party have planned for your family & America. You'll be shocked & appalled. Vote the Democratic Socialist Party out of office 2014. Share this documentary with friends & family now: Grinding Down America: http://vimeo.com/63749370

  2. DD | August 16, 2013

    Having lived in both healthcare systems, I have to say, I personally would take the EU healthcare system any day over the US healthcare system.

    The US is the only country on the planet where it uses its healthcare for profits so huge; and God help those who do not have health insurance if you were to fall ill or have a nasty accident of some sort ending up in the ICU. What happens to those who have no insurance and are/fall ill/accident? – They’d probably die and do die; or if they live, are usually in debt for the remainder of their lives paying of their huge medical expenses. It’s nothing but more GREED than we are already witnessing via the financial industry!

    The US is the only country that pays exorbitant healthcare prices across the board, but does NOT get better treatment; and btw, anyone who thinks US doctors are better than EU doctors; or to receive treatment for something takes a long wait time; or you’re left out to die after a heart attack or something, have their head up their a– and I mean literally.

    The EU system has many problems and probably always will have and many people in Europe will tell you this, but it is absolutely no worse than the US system as things stand right now. I’m still trying to figure what idiot tied in healthcare with ones job? I mean lose your job, most people also end up losing their health insurance because most people can’t afford rent/mortgage etc and health (cobra) insurance at the same time. Now you honestly can’t tell me this is a better system!

    • Sailor Jo | August 26, 2013

      Agree completely.
      My wife is a nurse (oncology) and I have worked at the same hospital for ten years. So we know something about the care for the elderly.
      As a European I would love to go back to Europe. Here I have no health insurance and no Medicare though I am over 70. My job was eliminated before I finished 40 quarters of working so I am not eligible for Medicare and no company offers a policy for an odd case like mine. Still, this is not enough to get a divorce. I just wait to be able to be covered by my wife's Medicare or by Obamacare.
      Obamacare may not be good but the US helth care system stinks and follows the motto: Americans love it complicated.

  3. Winter | August 21, 2013

    Nannycare

    Just don't get old, or get Cancer

    Otherwise it is OK.

    For example, in the UK they get their first 2 Proton Units on line in 2018

    The USA has 10 and has 1 Proton Unit that has been running for the last 30 years.

    Nannycare is Pathetic.

  4. 000060001779 | August 23, 2013

    The American "health care" system is the only industry that I know of where:
    1. You do not get a written estimate before services are provided, and if you ask for the information the MD always begs ignorance.
    2. They do not bill you or the insurance for up to 90 days after the procedure.
    3. Insurance pays without asking you if you received the stated service, and if you did not and they already paid, tough. You cannot undo the payment.
    4. Where they have one person servicing 5-10 in a waiting room, 1 at a time, spending about 5-10 minutes on each, and then billing a weeks salary for that. Do the frickin' math. We are getting ripped off. Imagine having one guy fixing 5-10 cars at once sunning from lift bay to bay. Shop rates are high, but you usually get at least one person working on the vehicle the whole time.

    Obamacare is the first step in the right direction of reigning in the ridiculous costs of health care in the USA for minimal services rendered. I don't give a crap how many MDs cry foul. They and hospital admins and drug Co execs are the problem. Deal with it!

    • Chris Cloutier | August 25, 2013

      If you think Ocare is a step in the right direction-you are woefully ignorant.

  5. Chris Cloutier | August 25, 2013

    Remember,
    Obamacare is designed to fail. Once it fails, the democrats will blame it on the Republicans saying they were obstructionist, and that it didn't go far enough. They will say we need single payor with the feds in total charge. This is the goal!! Make no mistake about it.

  6. R. Peters | August 25, 2013

    Obamacare may not be to the liking of the republicans, but then, they rather do nothing and complain. It will never solve our healthcare problems but it will be a lot better for those who
    can not even afford to take a sick child to the dr. office. The whining physicians you quote are
    in the business of treating the rich and well to do. The so called platinum service such as in Europe can still be obtained by those who have platinum bank accounts. I have lived in Europe too and those with GP service have to wait their turn when waiting is not endangering. They never put a patients life at risk. Europe is a civilized part of the world and the people there get excellent super medical care which is not based on the patient's bank account and the fee of the physician. Stop your whining! For once give Obama credit for doing something even if it is not perfect and not approved by the forever complaining republicans.

  7. James MORENCY | August 25, 2013

    All you Obama- lovers out there better wise up.1 when has the government EVER run anything cheaper or more efficiently than the private sector? 2 have you ever really felt that the government was doing anything in YOUR best interest in stead of theirs? And3 how do you add an entire new level of bureaucracy and lower the cost? I'm no expert on health care, but I like to believe I was born with a modicum of common sense and all the facts I have heard add up to a trainwreck

  8. Mr Certain | August 25, 2013

    1."Obama-lovers". Ad hominem: not an argument.
    2. The army v Blackwater.
    3. What exactly is the "government's best interest"?
    4. A modicum of common sense doesn't cut it in regards to health programs. An expert view would be more helpful.

  9. Jagadish | September 10, 2013

    As a investment newsletter focus on investment and stay away from politics. It is a good thing. There should be no political agenda – this is what it feel like here.

    You are going to turn away people with political posturing on healthcafe.

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