Sen. Rand Paul said Friday that the Republican health care bill is an insurance bailout, which he doesnt support.
My problem is insurance companies already make $15 billion a year. I dont think the taxpayer should give them any money. So Im really opposed to giving money and saying will you lower your prices. I mean we could do this with cars. New cars are expensive. Why not have a new car stabilization fund? Mr. Paul said on MSNBC.
Mr. Paul, a physician, said the main problem with health care is that the consumer is disconnected from the product.
The reason capitalism doesnt work in health care is the consumer is disconnected from the product. Consumers do not make decisions based on price in health care except for a few exceptions, he explained. When you connect with the consumer, and the consumer cares about the price, guess what? The consumer will shop. And when the consumer shops, competition works. But were not really doing that in health care.
Mr. Paul said the current Republican plan only repeals two of Obamacares regulations, which he argues will not drop the price of insurance enough to be affordable.
He did say he believes that, like Obamacare, members of Congress will be mandated to sign up for the Republican plan if it passes.
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Rand Paul: Republican health care plan is an insurance ...
Sen. Rand PaulRand PaulTrump called Cruz to press him on ObamaCare repeal bill: report Trump tells Democrats they need courage to fix ObamaCare Fifth GOP senator announces opposition to healthcare bill MORE (R-Ky.) slammed Senate Republicans' healthcare overhaul bill on Friday, saying that it's grounded in "propping up" insurance companies.
He also called for the creation of a healthcare law that would reduce insurance costs to as little as $1 a day for at least some consumers.
"What I'd like to do is legalize inexpensive insurance, and you should be able to get insurance for $1 a day. I mean, you really should," Paul said on MSNBC's "Morning Joe." "The insurance companies make all the money; all of this is predicated upon still propping up the insurance companies."
Paul's comments came a day after Republican leaders in the Senate unveiled their highly anticipated plan to repeal and replace large parts of the Affordable Care Act.
Senate GOP leaders can only afford to lose two votes with their 52-member majority and still pass the bill. They also face pressure from senators who are worried the legislation cuts too deeply into Medicaid.
Paul said Friday that the Senate bill fails to address ObamaCare's subsidies to insurance companies, arguing that it continues a trend of "bailing out" insurers.
"I want the bill to look more like a repeal bill. I promised people I was going to repeal it; I didn't promise people that I was going to replace it with a federal program of bailing out insurance companies," he said.
"I mean, we could do this for cars," he added. "New cars are expensive. We could have a car stabilization fund."
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Rand Paul: Insurance should be available for $1 a day - The Hill
Sen. Rand Paul, R-Ky., said Friday morning he believes consumers should be able to buy health insurance for $1 per day.
"What I'd like to do is legalize inexpensive insurance, and you should be able to get insurance for $1 a day. I mean, you really should," Paul said in an interview on MSNBC. "The insurance companies make all the money all of this is predicated upon still propping up the insurance companies."
The Kentucky Republican was discussing the newly released Senate healthcare bill, which repeals parts of Obamacare and phases out the Medicaid expansion by 2024.
Paul and three other GOP senators came out against the plan as it is currently written Thursday, but said they're open to changes.
"I want the bill to look more like a repeal bill," he said Friday morning. "I promised people I was going to repeal it. I didn't promise people I was going to replace it with a federal program of bailing out insurance companies."
Paul also said that consumers should be involved more with healthcare providers, and pointed to the way people shop for Lasik eye surgery as proof that prices fall when consumers are more involved.
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Sen. Rand Paul: Health insurance should cost $1 per day - Washington Examiner
Former CKE Restaurants CEO Andy Puzder says Sen. Rand Pauls comments on the Senate health care bill, which he says he opposes, are "just plain wrong."
Paul toldFox News Neil Cavuto Wednesday, When I look at this I keep reading it and its like, it sounds like ObamaCare to me, doesnt even sound like ObamaCare light, in some areas it may be ObamaCare plus."
Puzder, in an interview with FOX Business' Stuart Varney, disagreed. "This is not a redo of ObamaCare, the 30-hour work week is gone, the employee mandates gone, the individual mandates gone, the taxes are removed.
Puzder agreed with Sen. Ted Cruz (R-Texas), saying, Wed like to see premiums come down more.
But Puzder raised concerns about the issue of pre-existing conditions.
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Im a little concerned with the fact that we not only keep, in the Senate bill we keep the exclusion for pre-existing conditions which really discourages young people.
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Rand Paul is wrong on health care bill: Andy Puzder | Fox Business - Fox Business
Trump was asked about Rand Paul of Kentucky, Mike Lee of Utah, Ron Johnson of Wisconsin, and Ted Cruz of Texas, who said in a statement they were not ready to vote for this bill.
Well, they are also four good guys and four friends of mine, Trump replied. I think that theyll probably get there. Well have to see.
Trump admitted that heath care was a very complicated situation and that it was difficult to please everyone.
You do something thats good for one group but bad for another, he said.
Trump pointed out that the four dissenting senators did not refuse to support the bill but wanted to negotiate.
Its not that theyre opposed; theyd like to get certain changes, and well see if we can take care of that, said Trump.
He also defended the pace of the negotiation process, reminding his supporters that he has only been in office for five months.
Its a very, very narrow path, but I think were going to get there, he said.
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Donald Trump Wants Healthcare Deal with Senators Ted Cruz ... - Breitbart News