Dr. Keith Smith: Redefining Healthcare through Capitalism

Truth with Vivek Ramaswamy

Vivek Ramaswamy

Business, News, Government

4.7 • 1.2K Ratings

🗓️ 12 June 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Vivek Ramaswamy hosts Dr. Keith Smith, who elaborates on the concept of affordable healthcare provision by circumventing traditional insurance and government interventions. He emphasizes the benefits of capitalism in the healthcare industry, highlighting the way his practice provides affordable, quality services, charging a fraction of the traditional hospital costs while remaining profitable. This practice has garnered attention from patients nationwide and beyond. Furthermore, Dr. Smith sheds light on the burgeoning wave of free market alternatives within healthcare, with more medical professionals and institutions adopting this model. He provides insight into his innovative transparent pricing model which disrupts traditional insurance industry norms, with many patients finding his all-inclusive prices financially advantageous. He also touches on the growth of cost-sharing ministries as a plausible alternative to traditional insurance. Lastly, Dr. Smith passionately advocates for the repeal of government laws and regulations that skew the market in favor of industry insiders, leading to distortions that affect the delivery of healthcare services. -- Donate here: https://t.co/PE1rfuVBmb For more content follow me here: Twitter - @VivekGRamaswamy Instagram - @vivekgramaswamy Facebook - http://facebook.com/VivekGRamaswamy Truth Social - @VivekRamaswamy Rumble - @VivekRamaswamy -- Time-codes: 00:00:30: Vivek Ramaswamy highlights the humaneness and efficiency of capitalism in resource allocation. 00:00:59: Ramaswamy introduces the special guest, Dr. Keith Smith, applauding his innovative healthcare provision model. 00:02:31: Dr. Smith expounds on how his practice sustains profitability while charging significantly less than traditional hospitals. 00:05:34: Dr. Smith mentions his practice's far-reaching influence, attracting patients from all over the country and Canada. 00:06:49: The discussion reveals a growing trend in healthcare towards free market alternatives. 00:08:36: Dr. Smith explains the disruptive influence of his transparent pricing model on insurance company profiteering. 00:09:21: Dr. Smith highlights that for many patients, his all-inclusive prices are less than their insurance deductibles. 00:10:47: A discussion on the growth and advantages of cost-sharing ministries as an alternative to traditional insurance. 00:15:30: Dr. Smith criticizes numerous laws and regulations that have been passed to the advantage of healthcare industry insiders, causing market distortions. 00:16:20: He further elaborates on the negative impact of Medicare overpaying hospitals and doctors, leading to limited choices, reduced competition, and hampered innovation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	We often forget that capitalism is actually the best known form of allocating resources known to mankind to lift people up from poverty.
0:20.4	We forget that.
0:21.4	I think we a chronomize capitalism. We'll put words like stakeholder in front of it as though we have to apologize for it
0:27.0	Forgetting that its system for allocating goods and services to people is not only the one that grows the pie the best. It is also the one that is the most
0:36.3	humane to the people at every rung including at the bottom, especially at the bottom,
0:42.2	if we actually are willing to embrace it and see that for ourselves.
0:45.7	We live in a moment where that's no longer a fashionable thing to say, but sometimes the best way
0:50.8	we might remind ourselves of it isn't through a policy debate,
0:54.4	isn't through political philosophy, it's through stories of actual action.
1:00.8	And so today I'm joined by someone who caught my attention for what he's doing
1:07.2	Honestly just through his own practice not through preaching policy to anybody else but through his own action, revealed in the complicated morass
1:16.4	of a broken cost inflationary health care system, how you can effectively opt out of that model, opt out of the existing cesspool and
1:26.5	morass of the health insurance marketplace to deliver care to people who actually
1:31.8	need it to do it in a way that allows them to be able to pay for it and does so in a self-sustaining business model that stands on its own two feet.
1:41.6	The best of what capitalism can do in health care, even in a system that is as broken as it is through governmental interference, we still have a, I would a rare but shining light of hope.
1:56.9	Dr Keith Smith, welcome to the podcast
1:59.6	and I'm excited to hear from you and learn from you and for the people listen to this to learn from you as well.
2:05.0	Thanks for making some time.
2:07.0	Thanks for having me.
2:08.0	I appreciate being on the show.
2:09.0	Your background is pretty interesting.
2:11.0	I think there's no better way though to get into it
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Vivek Ramaswamy, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Vivek Ramaswamy and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.