Rand Paul: Healthcare Bill Is “A giant Bailout Superfund For Insurance Companies”

Monday, July 17, 2017
By Paul Martin

“I’m not for any taxpayer money going to an industry that makes $15 billion a year”

Steve Watson
Prison Planet.com
July 17, 2017

Republican Senator Rand Paul hit out at GOP healthcare legislation Sunday, warning that the bill isn’t a repeal and keeps the “fundamental flaw” of Obamacare.

“I think the longer the bill is out there, the more conservative Republicans are going to discover that it’s not repeal, and the more that everybody is going to discover that it keeps the fundamental flaw of Obamacare.” Paul said on CBS’ Face The Nation.

“It keeps the insurance mandates that cause the prices to rise, which chase young, healthy people out of the marketplace, and leads to what people call adverse selection, where you have a sicker and sicker insurance pool, and the premiums keep rising through the roof.” the Senator urged.

Paul noted that while Republicans have complained ad nauseum about Obamacare, they still intend to keep its core intact in their bill, expected to be further debated this week.

“And the reason you know Republicans acknowledge this is, they make a giant insurance fund to subsidize those prices.” Paul said.

“Basically, they’re subsidizing the death spiral of Obamacare.” the Senator exclaimed.

“So, for all Republicans’ complaints about the death spiral of Obamacare, they don’t fix it. They simply subsidize it with taxpayer moneys, which I just don’t agree with at all.”

Paul said he will be voting against the GOP bill because it is not consistent with his principles.

“it’s absolutely wrong. It’s not all consistent with conservative principles, free market principles, or being a Republican.” he said.

“And it also has nothing to do with repeal. I mean, we promised the voters for four elections. They elected us to repeal Obamacare, and now we’re going to keep most of the taxes, keep the regs (regulations), keep the subsidies, and create a giant bailout superfund for the insurance companies. I just don’t see it.”

“I’m not for any taxpayer money going to … an industry that makes $15 billion a year,” the Senator affirmed.

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