In a discussion of the repeal and replacement of Obamacare, Senator Rand Paul, who is also a doctor, says he believes it is incredibly important that both be done on the same day. He says, “We’ve had six years to complain and we have complained, I’ve been one of those complaining about Obamacare, replacement should be the same day.”
Paul says, “The replacement bill that we’ve put together, our goal, is to insure the most amount of people, give access to the most amount of people at the least amount of cost, and I think this is where Obamacare failed. They wanted to insure people, their motives were good, their heart was in the right place, but they put so many mandates in it that they made it too expensive.”
“So what’s happening in the individual markets,” says Paul, “which is about six or seven percent of the market, you have companies like Blue Cross of North Carolina losing 400 million dollars because young, healthy people don’t want to buy it because they’re told, ‘Hey, you can get it anytime after you get sick.’ And so they’ve broken the insurance model.”
Senator Paul says, “The other problem with Obamacare is they put these mandates and said that every insurance policy has to have ten items, things like pregnancy and dental coverage and all of these things, which are great but they add cost and that forced people out of the market. So one of the key reforms that we’ll do is we’re going to legalize the sale of inexpensive insurance.”
He says, “That means getting rid of the Obamacare mandates on what you can buy, we’re going to help people save, through health savings accounts as well as a tax credit, and then one of the things that we need to talk more about and this is the third part of the replacement bill, is we’re going to allow individuals to come together in associations to buy insurance.”
Senator Paul explains, “I understand as a small business person, I had a doctor’s office with four employees, if one of my employees got cancer, it was devastating not only to them obviously but to the bottom line of insurance. But there’s no reason why someone with four employees shouldn’t be able to join with hundreds and hundreds of other businesses that are small to become a large entity, to get leverage to bring your prices down, but also to get insurance that can’t cancel you, and guarantees the issue of insurance even if you get sick.”
Please like Rick on Facebook at https://www.facebook.com/RickRWells/ and on my website http://RickWells.US – Please SUBSCRIBE in the right sidebar I’m also at Stop The Takeover, https://www.facebook.com/StopTheTakeover/ and please follow on Twitter @RickRWells.