Legislation is “propping up” insurance companies
June 23, 2017
Senator Rand Paul continued to voice stern opposition to the Obamacare replacement legislation Friday, saying it isn’t even ‘Obamacare lite’ anymore, and instead is more like ‘Obamacare plus’.
Appearing on “Your World with Neil Cavuto,” last night, Paul noted that the Republican legislation may actually provide more subsidies than Obamacare.
“[W]hen we look at the bill, we actually find that with the Obamacare subsidies, not only are we keeping them, we may actually be providing more subsidies than Obamacare has.” Paul exclaimed.
“Our early estimates on the bill are that the bill may spend more in the next year or two than Obamacare does.” Paul added.
“And so, it’s hard for us to get our mind around that this is a repeal bill if we’re spending more, keeping all the subsidies, and then we’re going to start a brand new federal entitlement program where we give insurance companies money.” the Senator explained.
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“I keep reading it and…it sounds like Obamacare to me. It doesn’t even sound like Obamacare-lite. In some areas, it may be Obamacare-plus, on the subsidy side.” he urged.
Paul also warned that the bill “subsidizes the death spiral of Obamacare.”
“It dumps a bunch of federal money, taxpayer money, or borrowed money into the insurance industry and says, ‘Hey, please lower the prices if we give you money.’” Paul told viewers.
In a further appearance on Morning Joe Friday, the Senator said that the so called healthcare overhaul is actually centered around “propping up” insurance companies.
“The insurance companies make all the money; all of this is predicated upon still propping up the insurance companies.” Paul said, adding that “you should be able to get insurance for $1 a day. I mean, you really…