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Title: Rand Paul: Insurance should be available for $1 a day
Source:
The Hill
URL Source: http://thehill.com/policy/healthcar ... hould-be-available-for-1-a-day
Published: Jun 23, 2017
Author: MAX GREENWOOD
Post Date: 2017-06-24 04:34:56 by Gatlin
Keywords: None
Views: 8491
Comments: 32
Sen. Rand Paul (R-Ky.) slammed Senate Republicans' healthcare overhaul bill on Friday, saying that it's grounded in "propping up" insurance companies. He also called for the creation of a healthcare law that would reduce insurance costs to as little as $1 a day for at least some consumers. "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." Paul's comments came a day after Republican leaders in the Senate unveiled their highly anticipated plan to repeal and replace large parts of the Affordable Care Act. Paul is one of four conservative senators to announce their opposition to the bill. Paul and the three other lawmakers largely object because they believe the Senate bill would not do enough to lower premium costs and that it would leave much of ObamaCare in place. Senate GOP leaders can only afford to lose two votes with their 52-member majority and still pass the bill. They also face pressure from senators who are worried the legislation cuts too deeply into Medicaid. 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. "I mean, we could do this for cars," he added. "New cars are expensive. We could have a car stabilization fund."
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Begin Trace Mode for Comment # 21.
#3. To: Gatlin (#0)
"National health expenditures will hit $3.35 trillion this year (2016), which works out to $10,345 for every man, woman and child." OK, Rand. Then who pays the remaining $9,980 for every man, woman and child per year?
Not one of you three Democrats have indicated the slightest knowledge of Rand Paul's position nor how he supports the headlined statement. Typical.
Rand Paul: Insurance should be available for $1 a day Typical. Rand Paul explains why you should be able to get health insurance for $1 a 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. “The insurance companies make all the money; all of this is predicated upon still propping up the insurance companies.” Paul explained how the free market would be best suited to lower insurance costs. “The reason capitalism doesn’t work in healthcare is the consumer is disconnected from the product,” he said. “Consumers do not make decisions based on price in healthcare, except for a few exceptions.” “Lasik surgery, when you want to get surgery to get rid of glasses, everybody asks the price,” Paul said. “The average consumer calls four different doctors. It’s a very sophisticated laser, million dollar laser, and yet the price has gone down by three- quarters over 15 years.” “When you connect the consumer and the consumer cares about the price, guess what? The consumer will shop, and when the consumer shops, competition works,” said the senator. “We’re not really doing that in health care,” Paul continued. “Most of health care has fixed prices. Medicare, fixed prices. Medicaid, fixed prices. And, even private insurance, no consumer shops for price.” As one of four conservative senators opposed to the current bill as written, Paul says one of the primary reasons for their opposition to the Senate bill is that it would not significantly lower premium costs, while leaving too much of Obamacare in place. Paul said that the Senate bill’s failure to address Obamacare’s subsidies to insurance companies proceeds with 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. “I mean, we could do this for cars,” he added. “New cars are expensive. We could have a car stabilization fund.”
What Rand Paul would like to do is: Consumers do not make decisions based on price in healthcare, except for a few exceptions. Lasik surgery, when you want to get surgery to get rid of glasses, everybody asks the price. The average consumer calls four different doctors. It’s a very sophisticated laser, million dollar laser, and yet the price has gone down by three-quarters over 15 years. As to Rand Paul’s analogy that new cars are expensive. Well, “new-car transaction prices increase nearly 3 percent year-over-year in September 2016 according to Kelley Blue Book.” There is plenty of competition in the new car industry and people certainly do shop around….yet, prices continue to increase year-after-year. That’s Rand Paul’s “libertarian free market system”….eh? It is amazing that some people even bother to continue listening to this guy …
A math lesson for socialist Gatlin and his Bernie Bros over at the Morning Joe Government meddling drives up the cost of everything including Health Care and Automobiles! You commies will never be able to understand free market capitalism.
There are a number of reasons that free markets don’t work in health care. The first one that comes to mind is that in a completely free market the healthy folks simply don’t buy healthcare plans as often as the sick ones do. The reason is simple, they feel they are less likely to get sick and therefore they’re less worried about the uncertainty of sickness and the problems it can cause. So what logically and inevitably happens is that this drives up the cost of health insurance in order for the insurers to cover the costs of the sick they cover. Since this further drives the cost of health insurance up, it then prices out the healthy the insurers so desperately need to keep costs down. The result is so easily predictable as it causes a vicious cycle to take over and eventually results in the whole free market system unraveling because there are too few healthy and less expensive folks to cover the costs of the sick and more expensive ones. Why you will listen to person who has no board-certification as a ophthalmologist according to WAPO, never even finished college according to NPR and who now tries his hand at being a politician to pose as an expert on health care is an enigma. If enough young healthy people would not buy subsidized insurance coverage under Obamacare, then what makes you think they will do so under a free market health care insurance program? It is has been said that doing the same thing over again and expecting better result is stupid. It is you libertarians who fail to understand that free market capitalism will never work for healthcare insurance. What is there about this you don’t understand?
It is you libertarians who fail to understand that free market capitalism will never work for healthcare Wealth spread! You're a commie. Your socialized medicine scheme will force higher prices and lower quality at the point of a government gun. A summary of the Gatlin/Trump plan, Commie Care
Gatlin and whitey: Socialized auto manufacturing (GM) BAD! Socialized medicine GOOD! Those two commies are a real hoot.
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#5. To: misterwhite, paraclete, Gatlin (#3)
#11. To: Anthem (#5)
(Edited)
Not one of you three Democrats have indicated the slightest knowledge of Rand Paul's position nor how he supports the headlined statement.
Sen. Rand Paul (R-Ky.) discussed how the free market would best lower insurance costs in an interview with MSNBC’s “Morning Joe” on Friday.
You are absolutely correct when you say I don’t know “how he [Rand Paul] supports the headlined statement.”
#12. To: Anthem (#11)
Legalize inexpensive insurance, and you should be able to get insurance for $1 a day.
That’s exactly what he said and then he went on to say: The reason capitalism doesn’t work in healthcare is the consumer is disconnected from the product.
Rand Paul is saying that if you let the free market work to lower insurance costs “the average consumer can call four different insurance companies” and get the price of healthcare insurance down to $1 a day. When you connect the consumer and the consumer cares about the price, guess what? The consumer will shop, and when the consumer shops, competition works.
Sure “competition works” but for “competition” to ever get the cost of healthcare insurance down to $1 day….hmmm. Good luck with that, Senator.
#13. To: Gatlin, Bernie Bro socialists (#12)
#14. To: hondo68 (#13)
(Edited)
#15. To: Gatlin, socialized medicine, high cost, low quality, authoritarian commie control, *The Two Parties ARE the Same* (#14)
the whole free market system unraveling because there are too few healthy and less expensive folks to cover the costs of the sick and more expensive ones.
#21. To: hondo68 (#15)
A summary of the Gatlin/Trump plan, Commie Care
Replies to Comment # 21.
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