Senator Rand Paul (R-KY) is a breath of fresh air in a dank, and musty cellar. He’s a cool drink of water during a desert crossing. He may well be the most important representative in the Senate because he’s one of a very small group of leaders who understands basic economics and world history. For the last few months, Paul has been explaining why it is that every Democrat idea, and most of the Republicans ones, on healthcare are self-defeating. Every idea that has thus far been seriously considered always contains several segments that make the entire bill untenable. It’s why Obamacare is currently in a death spiral, and why every GOP idea admits that the death spirals will continue.
However, Paul isn’t just here to explain why all of the GOP ideas are bad… he also has a solution that will fix our healthcare woes, and it’s called “capitalism.”
Watch (and then share) as Senator Paul explains how capitalism works to a CNN reporter.
My problem with the Senate bill as it currently exists is it doesn’t fix [the adverse incentives of Obamacare]. We keep ten of twelve of the Obamacare regulations and keep the idea that you can still buy [health insurance] after you get sick.
So I’m concerned the death spiral of Obamacare may even get worse with the Republican version…
The most important poll is the individual market. If you’re a plumber or a pest control guy and you’re trying to buy insurance, in 50% of the country there is onyl one insurer, and we now have many counties where there are no insurers. So without question Obamacare has been a failure, and it is getting worse… The most important poll you can point to is: Can you get insurance? And in 50% of the country, they are stuck with a monopoly, and it is spreading to where in many parts of the country, there are going to be no insurance options, so something has to be done. Obamacare is failing in the individual market.
But the best way to fix it is through freedom. And everyone seems to be afraid of freedom.
What we should do is legalize inexpensive insurance.
What does that mean? Insurance without regulations. You can buy what you want at the price you want to pay… Right now you have people with big hearts who want [insurance] to cover everything, but you are pricing poor people out of the market.
President Obama wanted to help poor people, but he actually priced poor working people out of the marketplace.