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Quote by Rand Paul

“President Obama, I think, wanted what was best for the country, but I think it didn't work well. I think we have the death spiral, and I think particularly premiums in the individual market are going through the roof. Republicans want what's best for the country, but I think they're not fixing the death spiral of Obamacare. They're going to subsidize it with a lot of taxpayer money. So, characterizing something as mean or generous I think goes to people's motives, and I think it is sort of why we have such an angry country now. We think that people have ill motives.”

Quote by Rand Paul

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Rand Paul
Rand Paul

Rand Paul is an American politician currently serving as the junior United States Senator from Kentucky. A member of the Republican Party, he has been in office since January 3, 2011. Born on January 7, 1963, Paul is the son of former U.S. Representative Ron Paul and has been active in politics since his youth. more

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“The problem or the fundamental flaw of Obamacare was that they put regulations on the insurance, about 12 regulations, which increased the cost of the insurance. And so President Obama wanted to help poor, working-class people, but he actually hurts them by making the insurance too expensive to want to buy. I had someone at the house just recently was doing some work, and he said: "Oh, my son doesn't have insurance, he's paying the penalty because it's too expensive."”

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“President Obama said, oh, we want to make insurance perfect for people, but he added all these regulatory mandates, made it too expensive. Young, healthy people didn't buy it, and the people remaining in the insurance pool were sicker and sicker. That's the adverse selection and the death spiral of Obamacare. And so really we do need to discuss the intricacies of what worked and what didn't work in Obamacare. And I think the better way to do this is to let individuals have the freedom to choose what kind of insurance is best for them. The government doesn't always know best.”

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“The insurance companies make about $15 billion a year. They have doubled their profit margin under Obamacare. And so now we're going to take a lot of this and call it a stabilization fund, but really it's a bailout of insurance companies. And I just think that's wrong. I just can't see why ordinary, average taxpayers would be giving money to very, very wealthy corporations. An analogous situation would be this: We all complain that new cars cost too much. Why don't we have a new car stabilization fund and give $130 billion to car companies?”

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“The money in the stabilization fund, $130 billion which I call an insurance bailout, is put in to try to cure the adverse selection that Obamacare created by making insurance too expensive. Healthy people didn't buy it. They tried to fix this by forcing young people to buy it through an individual mandate. Even that didn't work. So the way the Republicans fix it is they don't actually fix it. They subsidize it. So we have to fix what went wrong with Obamacare, not just recapitulate something that's broken.”

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