Healthcare

Rand Paul Has a Great But Very Stupid Idea

Written by SK Ashby

This might seem strange coming from anyone else.

Rand, son of Ron, has his own thoughts on what health care in America should look like, and if he had his way we'd all be able to purchase 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 on MSNBC's "Morning Joe." "The insurance companies make all the money; all of this is predicated upon still propping up the insurance companies."

Hey, that sounds pretty good. If health insurance were $1 per day, I could actually afford it.

Rand undoubtedly supports legislation that would lower the cost of health care, right?

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.

The insurance company "bail outs" reduce individual premiums by as much as 20 to 30 percent. That's why some insurers are either leaving the market or increasing premiums by 20 percent or more. They're doing so because Trump has threatened to withhold the cost-sharing subsidies and a House Republican lawsuit against the subsidies is actually still pending in court.

Even if you agree with Rand Paul that we need to fully repeal every last word of Obamacare, it's not as if that will deliver $1 per day insurance premiums to us or anything even close to that.

Medicare is the only system we have that's within that ballpark, but Rand, son of Ron, would never support a Medicare-for-all buy-in.