WEBVTT - Dr. Oz Talks Healthcare Fraud Crackdown 0:00:02.520 --> 0:00:07.040 Bloomberg Audio Studios, podcasts, radio news. 0:00:07.760 --> 0:00:09.560 So you never know who you're gonna meet at Milican 0:00:09.680 --> 0:00:11.240 is the moral of the story here. And this boy 0:00:11.440 --> 0:00:13.319 been playing itself out in a lot of different ways, 0:00:13.360 --> 0:00:16.360 including right now. Doctor mant in Oz just walked in 0:00:16.400 --> 0:00:18.680 the room. We waved and he came to sit down 0:00:18.720 --> 0:00:19.119 with us. 0:00:19.000 --> 0:00:22.040 Here wave drag the hook. 0:00:23.520 --> 0:00:25.119 See how I tried to make that He had no 0:00:25.200 --> 0:00:27.520 idea that what we're going to do. Well, you know, 0:00:27.560 --> 0:00:29.520 we could just we saw each other. We ran at 0:00:29.560 --> 0:00:31.720 each other and embraced. It's great to see you in 0:00:31.760 --> 0:00:34.520 Los Angeles. Your course, very very much at home here 0:00:35.080 --> 0:00:36.720 and I know that you're here as you mentioned, to 0:00:36.720 --> 0:00:39.520 see your daughter on a panel. But there's a conversation 0:00:39.600 --> 0:00:41.680 at Milkin that is right down the middle for you, 0:00:41.720 --> 0:00:44.919 and that's affordability in healthcare. It's something that we've heard 0:00:44.920 --> 0:00:46.600 a lot of executives talk about as they try to 0:00:46.600 --> 0:00:50.040 get their arms around this, and it's a solution that 0:00:50.120 --> 0:00:51.480 a lot of folks are waiting for. 0:00:52.080 --> 0:00:53.680 I know it's something that you're talking. 0:00:53.400 --> 0:00:55.640 About right now at the White House. It's this K 0:00:55.840 --> 0:00:58.560 shaped economy that we're in. This is one of the 0:00:58.560 --> 0:01:01.360 first areas where you can make a different and doing 0:01:01.360 --> 0:01:01.800 a difference. 0:01:02.080 --> 0:01:06.640 The reality of healthcare affordability is unlike other problems. Like 0:01:06.680 --> 0:01:08.800 you can't afford the eggs, you get upset. You know 0:01:08.840 --> 0:01:10.600 the car costs more and you want you get mad 0:01:10.920 --> 0:01:13.960 at the dealer usually, But when you can't afford healthcare, 0:01:14.480 --> 0:01:18.200 that destroys the basic covenant you have with America. You 0:01:18.240 --> 0:01:20.080 want a piece of the rock that means you get 0:01:20.080 --> 0:01:21.119 to be on the playing field. 0:01:21.120 --> 0:01:21.560 If you're not. 0:01:21.520 --> 0:01:24.160 Healthy, then well that's not coppening, and especially if your 0:01:24.200 --> 0:01:26.080 family's compromised. I'll give you a couple of stats just 0:01:26.120 --> 0:01:28.319 to blow your mind for folks who may not realisk 0:01:28.400 --> 0:01:30.360 how difficult it is for a lot of Americans. One 0:01:30.360 --> 0:01:32.840 in three Americans, after they see their doctor, get a prescription, 0:01:32.920 --> 0:01:35.280 go to the pharmacy, cannot fill it one and three. 0:01:35.360 --> 0:01:36.920 And part of the reason for that is we pay 0:01:36.959 --> 0:01:39.440 three times more. At least we were three times more 0:01:39.480 --> 0:01:42.560 for drugs made even in this country, bottled here. 0:01:42.680 --> 0:01:44.920 Then Europeans were paying for those exact same products. 0:01:45.040 --> 0:01:47.080 So some of the most common drugs we're using in America, 0:01:47.160 --> 0:01:49.520 like the weight loss drugs, the fertility drugs, you know, 0:01:49.560 --> 0:01:53.400 basic drugs we use for fundamental recovery of health unaffordable 0:01:53.400 --> 0:01:54.280 to many Americans. 0:01:54.280 --> 0:01:56.680 So this is why Trump our X right trump or. 0:01:56.720 --> 0:01:58.000 X dot god, which, by the way, if you haven't 0:01:58.040 --> 0:02:00.120 heard of it, please trump our X dot gov. Or 0:02:00.200 --> 0:02:02.920 you buy a medication, at least check the price that's 0:02:02.960 --> 0:02:04.720 on trump r X dot gov. Don't think of it 0:02:04.840 --> 0:02:07.320 like a discount site, although the prices are dramatically lower 0:02:07.360 --> 0:02:09.920 because they have been negotiated to be most favored dation pricing. 0:02:10.320 --> 0:02:12.720 But make sure that it's a transparency site for you. 0:02:12.960 --> 0:02:15.519 At least we demystify what drugs should cost you, and 0:02:15.600 --> 0:02:17.800 we are continuing to add drugs. We had an Oval 0:02:17.800 --> 0:02:20.680 Office event last week adding the seventeenth of the seventeen 0:02:20.720 --> 0:02:23.360 drugs to the biggest company. Of the seventeen companies that 0:02:23.400 --> 0:02:25.519 the President wanted us to add, these are the largest 0:02:25.560 --> 0:02:27.440 companies in the world, and so we're. 0:02:27.240 --> 0:02:28.600 Making huge progress there. 0:02:28.720 --> 0:02:32.200 The affordability issues also, however, touch on fraud, and part 0:02:32.200 --> 0:02:33.760 of the reason I've be spending some time in Los 0:02:33.800 --> 0:02:36.760 Angeles of late is that one in three hospices in 0:02:36.800 --> 0:02:39.960 the entire country number hospices where you go to die 0:02:40.080 --> 0:02:42.919 yes with dignity. One in three in the entire country 0:02:43.040 --> 0:02:44.880 are here in Los Angeles, not California. 0:02:45.280 --> 0:02:47.960 Los Angeles. Look around, people aren't that sick. They're not 0:02:48.000 --> 0:02:49.040 all dying on Los Angeles. 0:02:49.120 --> 0:02:53.040 When you see those kinds of variances in utilization, do 0:02:53.080 --> 0:02:54.280 you start to suspect fraud? 0:02:54.360 --> 0:02:56.000 And in fact, that's exactly what's happening. 0:02:56.160 --> 0:03:00.120 We've shut down over four hundred of these hospices in 0:03:00.160 --> 0:03:02.040 this country. When I to shut down, we spend the payments, 0:03:02.000 --> 0:03:04.160 so we're not giving him anything. And so far from 0:03:04.200 --> 0:03:07.320 the first batch, people aren't complaining, which means they sort 0:03:07.360 --> 0:03:07.519 of no. 0:03:07.639 --> 0:03:08.480 They were getting caught. 0:03:08.760 --> 0:03:13.080 And when you see this process existing with that some 0:03:13.240 --> 0:03:17.120 type of enforcement or integrity of this system reinforcing the 0:03:17.240 --> 0:03:20.480 need to be able to run it correctly, it encourages corruption. 0:03:21.080 --> 0:03:23.720 And so you see more and more doctors selling their souls, 0:03:23.760 --> 0:03:26.440 literally their licenses to be able to falsely claim people 0:03:26.480 --> 0:03:27.280 are about to die. 0:03:27.440 --> 0:03:29.560 You see, business, folks, that's that quick story. 0:03:29.760 --> 0:03:35.240 Guy made a fortune again using this hospice newpole in California, 0:03:35.320 --> 0:03:36.720 and he was building a massive. 0:03:36.440 --> 0:03:37.480 House with all his money. 0:03:37.600 --> 0:03:40.320 And the guy who's the carpenter remarked that he was 0:03:40.320 --> 0:03:43.200 in the hospice business, and the plumber overheard the conversation 0:03:43.240 --> 0:03:45.920 and said, hey, me too. Well, so literally the contractors 0:03:45.960 --> 0:03:48.120 and the person buying building the house, to everyone's in 0:03:48.120 --> 0:03:50.840 the business because it's become so easy to the fraud. 0:03:50.880 --> 0:03:52.200 The government, we're stopping that. 0:03:52.040 --> 0:03:55.200 Doctors, there's fraud, and then there's a lot of great 0:03:55.280 --> 0:03:57.800 doctors out there and a lot of great care health 0:03:57.840 --> 0:03:59.560 care providers. And I got to say, I talk with 0:03:59.640 --> 0:04:03.680 real Americans every day who are saying that the rollback 0:04:03.720 --> 0:04:05.880 in Obamacare, I mean their health care costs are going 0:04:05.960 --> 0:04:09.560 up exponentially. I mean that is problematic. I thought the 0:04:09.600 --> 0:04:11.720 whole goal was to reduce the cost of health care. 0:04:11.800 --> 0:04:13.240 Well, I'm going to push back to you for a second. 0:04:13.320 --> 0:04:16.800 So we had twenty three million people on Obamacare last year. 0:04:17.160 --> 0:04:20.560 Historically it was about twelve million people, so it's almost doubled. 0:04:20.839 --> 0:04:23.400 But most of the people that we're asking about these 0:04:23.400 --> 0:04:25.680 issues aren't quite as upset as you claim. Because the 0:04:25.720 --> 0:04:29.679 average person went from being eighty two percent subsidized, right, 0:04:30.120 --> 0:04:32.360 that's what they are now, and then how much they lose. 0:04:32.400 --> 0:04:34.560 They used to be eighty seven percent subsidized. So what 0:04:34.600 --> 0:04:37.919 happened in Obamacare is a massive push to enroll people. 0:04:37.960 --> 0:04:40.360 But if you don't ask people to even put one 0:04:40.440 --> 0:04:43.120 dollar up for Obamacare, you end up with a lot 0:04:43.120 --> 0:04:45.640 of fraudulent and rolled people. So I'll give you some numbers. 0:04:45.839 --> 0:04:49.000 All of the twenty three million people almost have never 0:04:49.040 --> 0:04:51.120 filed the claim. So let me ask you, if you 0:04:51.160 --> 0:04:53.720 have health insurance, you'd once in a while use it. 0:04:53.839 --> 0:04:57.320 If you never file the claim, you should be asking yourself, well, 0:04:57.360 --> 0:04:59.479 what happened? Why do I even have this insurance? And 0:04:59.520 --> 0:05:01.839 it turns out many people didn't even know they had coverage. 0:05:01.880 --> 0:05:03.320 Look at what the numbers right now, we went from 0:05:03.400 --> 0:05:05.039 twenty three million to twenty two million. 0:05:05.120 --> 0:05:05.599 I give it. 0:05:05.800 --> 0:05:09.039 Yeah, I would beg to differ, And I would also 0:05:09.040 --> 0:05:11.320 say I'm a little concerned about administration policies and how 0:05:11.360 --> 0:05:13.560 we're going to retire in America in terms of you know, 0:05:13.600 --> 0:05:15.159 Medicare and so on and so forth. Like I do 0:05:15.240 --> 0:05:16.760 worry about the Medicare. 0:05:16.400 --> 0:05:18.599 Is healthier than it's ever been because of program integrity. 0:05:18.640 --> 0:05:21.560 If you shut hospice down so they're to fraud billions 0:05:21.560 --> 0:05:23.320 of dollars out of the system, I'll give you a 0:05:23.360 --> 0:05:25.000 number that's going to make this make us very clear. 0:05:25.120 --> 0:05:27.880 It doubles the life expectancy of the Medicare. 0:05:27.520 --> 0:05:28.520 Trust Fund doubles it. 0:05:28.560 --> 0:05:30.640 So anyone out there working their tail off who thinks 0:05:30.640 --> 0:05:32.800 Medicare is going to be their formulati retire if you 0:05:32.839 --> 0:05:34.520 know it's going to last twice as long you feel 0:05:34.520 --> 0:05:36.360 good about it, and we're not doing anything. We're not 0:05:36.480 --> 0:05:38.680 touching Medicare in any way. The President has been very 0:05:38.680 --> 0:05:40.920 clear he loves in church of Medicare. It will remain 0:05:41.040 --> 0:05:43.080 exactly as you know it, but it's going to last 0:05:43.080 --> 0:05:45.400 longer because's taking the fraud out. And I think I'm 0:05:45.400 --> 0:05:48.440 going to shock you with this. The President saved Medicaid 0:05:48.560 --> 0:05:50.720 with some of these actions because we were looking at 0:05:50.720 --> 0:05:53.640 five point four trillion more dollars to be poured into 0:05:53.680 --> 0:05:57.200 basically legalized money laundering that would have bankrupted the system. 0:05:57.360 --> 0:05:59.400 So what we have done is put these programs on 0:05:59.520 --> 0:06:01.920 firm footing that they will continue to survive for the 0:06:01.960 --> 0:06:02.720 rest of our lifetime. 0:06:02.920 --> 0:06:06.680 I hope, I hope, so us. Would you come talk 0:06:06.680 --> 0:06:08.120 to us in Washington when we're back in town. 0:06:08.160 --> 0:06:10.640 I want to keep this going, of course, well, Pleasure, 0:06:10.880 --> 0:06:12.760 I hope that the panel goes well with your daughter 0:06:12.800 --> 0:06:15.640 and stop running there with the creobulate. 0:06:15.680 --> 0:06:17.200 Fuks are coming in on our hooks. 0:06:18.000 --> 0:06:19.119 We hooked them again, Carol