Tags: Healthcare Reform | rand paul | healthcare bill | continues | death spiral | obamacare

Sen. Paul: Bill Subsidizes, Doesn't Fix 'Death Spiral of Obamacare'

"Fox News Sunday"

By    |   Sunday, 16 July 2017 12:05 PM

No matter the delayed Senate GOP healthcare bill, Senate Majority Leader Mitch McConnell, R-Ky., does not yet have the votes for the proposed "giant insurance bailout super fund" anyway, Sen. Rand Paul, R-Ky., said Sunday.

"The real problem we have is we won four elections on repealing Obamacare, but this bill keeps most of the Obamacare taxes, keeps most of the regulations, keeps most of the subsidies, and creates something Republicans have never been for: That's a giant insurance bailout super fund," Sen. Paul told host Chris Wallace on "Fox News Sunday." "That's not a Republican idea, to give taxpayer money to a private industry that already makes $15 billion in profit."

Republicans, holding a narrow 52-48 majority, need at least 50 votes – counting Vice President Mike Pence's tiebreaker – to pass its healthcare bill known as the Better Care Reconciliation Act. BCRA will get no votes among the 48 Democrats and two Independents in the Senate. Sen. Paul's hope – and what he said he lobbied for directly with President Trump late this week – is the alternative of scrapping the Senate GOP healthcare compromise on Obamacare for a clean repeal.

"If this comes to an impasse, if the president jumps into the fray, and says 'look, guys, you promised to repeal it: Let's just repeal what we can agree to and we can continue to try to fix, replace, whatever has to happen afterwards,'" Paul told Wallace of his conversation with Trump on Friday. "But the one thing we should do is try to repeal as many of the taxes, as many of the regulations, and as many of the mandates as we possibly can.

"I still think the entire 52 of us could get together on a more narrow, clean repeal – I think it still could be done.

". . . It kind of annoys me Republicans are going back on their word to repeal Obamacare."

Paul also warned President Trump on his blanket promotion this weekend of the Senate GOP healthcare plan to "save Americans from the Obamacare disaster."

Story continues after the video.

"I would caution about overselling what's going to happen," Sen. Paul responded to Wallace, before offering his own foreshadowing. ". . . I predict the fundamental flaw of Obamacare will remain with the Republican plan, and this is a big reason I cannot support it."

Paul continued against his lack of support for the GOP Senate's latest plan because it does not fix the "death spiral" – it merely "subsidies" it.

"We are going to dump billions of dollars into the insurance companies and say, 'please charge less,' and try to counteract the death spiral, but the Republican plan doesn't fix the death spiral of Obamacare, it simply subsidizes it," Paul told Wallace.

Paul contends he is not dead-set on a "clean repeal" in lieu of a repeal and replace.

"I am still for replace, but my definition of replace is quite different than some of the 'big government Republicans,'" he said. "My idea was always to replace it with freedom, legalized choice, legalized inexpensive insurance, allow people to join associations to buy insurance. I'm still for all of those.

"I think those can actually be part of clean repeal. In fact, most of the ideas I've had on letting people join groups to buy insurance – letting the plumber and his wife join a large group like the Chamber of Commerce – those ideas are welcomed by virtually every Republican. That passed in the House of Representatives unanimously."

Paul added the warning  that the Senate GOP plan does not fix the fundamental flaw of Obamacare: That young, healthy people will just wait until they get sick to buy health insurance.

"The insurance pool gets sicker and sicker," Paul warned. "It's called adverse selection. We also call it the death spiral."

". . . I am not willing to trade Medicaid reform for an insurance company bailout, an insurance company entitlement. They call it a temporary stabilization fund of nearly $200 billion. It's never going away, because they do not fix the death spiral of Obamacare.

". . . Republicans don't understand this: When they pass this, they are going to completely own healthcare. People are unhappy with healthcare ever since I've been in medicine."

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No matter the delayed Senate GOP healthcare bill, Senate Majority Leader Mitch McConnell, R-Ky., does not yet have the votes for the proposed "giant insurance bailout super fund" anyway, Sen. Rand Paul, R-Ky., said Sunday."The real problem we have is we won four elections...
rand paul, healthcare bill, continues, death spiral, obamacare
Sunday, 16 July 2017 12:05 PM
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