Is Obamacare fixable? Rand Paul certainly doesn’t think so and you’ll be hard-pressed to find anyone who thinks it’s even possible and actually has a workable plan in place to get it there. So what Obamacare alternatives are there? One answer from Paul is that healthcare needs more competition, not less.
“One thing I’ve been proposing ever since I ran is to expand choices, not restrict how many insurances you could get, but actually expand the number and have more competition and drive prices down. One way of doing this is expand what are called health savings account. This is where you can save money tax free and you would have a higher deductible policy, but it would cost less,” said Paul. (wbko.com)
Elsewhere on FoxNews (video below), he elaborates on his alternative to Obamacare: “I practiced medicine for 20 years and I think the system we had [originally] wasn’t real capitalism. And it didn’t work well. So if you want a good system, you need a system that has good competition. I think [Obama] went the wrong way. He narrowed the marketplace. The only marketplace in medicine was health savings accounts and he made them smaller. I would make them almost infinite and let them use it for your college education if you didn’t use it for your medicine.”
PANELIST: “So tax-free savings to pay free medical care and that would be the Republican plan?”
PAUL: “What it does is when you have tax-free accounts, you buy policies with higher deductibles and they’re cheaper. Under Obamacare, you have higher deductibles and they’re not cheaper because they mandate that it covers 15 different items that you have to have.”
“So a 24-year-old single guy has to have dental coverage for his kids — that he doesn’t have — and pregnancy coverage for the wife — he doesn’t have — and so under our system you have higher deductibles but lower premiums but you’d have more freedom as to how you spend your money.”
What do you think? Is a health savings account (HSA) the answer? Comment below.
WATCH: Sen. Rand Paul Discuss Obamacare Alternatives
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