As Democrats fear monger over the loss of Obamacare, according to Republican Senator Rand Paul, they need not be scared, as the GOP bill is not a repeal at all.
“I think the longer the bill is out there, the more conservative Republicans are going to discover that it’s not a repeal, and the more that everybody is going to discover that it keeps the fundamental flaw of Obamacare.” Paul said on CBS’ Face The Nation.
As Paul notes, the GOP bill maintains the fundamental flaw of Obamacare which is that this was never about giving people affordable health care and always about making health insurance companies super rich by forcing all Americans to become customers of major health insurance providers.
Through Obamacare, insurance companies are literally using government force to mandate that everyone in the country buy their product, via penalties and threats, and the GOP plan keeps this in place.
“It keeps the insurance mandates that cause the prices to rise, which chase young, healthy people out of the marketplace, and leads to what people call adverse selection, where you have a sicker and sicker insurance pool, and the premiums keep rising through the roof.” the Senator urged.
By using the state to mandate everyone purchase their product, insurance companies were given a windfall of massive profits. Even the heavily left-leaning Salon.com reported on this windfall last year:
A Salon analysis of regulatory filings found that the top five health insurers — UnitedHealth, Anthem, Aetna, Humana and Cigna — have doled out nearly $30 billion in stock buybacks and dividends from 2013 to 2015. (The Supreme Court ruled in favor of the Affordable Care Act in 2012.)
Meanwhile, the increase in customers that these health insurers received under ACA has helped raise the stock prices of the top five insurers — some 80 percent for Anthem and 165 percent for Aetna since the high court ruled on June 28, 2012 that Obamacare was constitutional.
While Americans continue to fork out more money, insurers are doing great.
In the interview with Face the Nation, Rand Paul acknowledged the same trend. “I mean, we promised the voters for four elections. They elected us to repeal Obamacare, and now we’re going to keep most of the taxes, keep the regs (regulations), keep the subsidies, and create a giant bailout superfund for the insurance companies. I just don’t see it,” Paul said.
“I’m not for any taxpayer money going to … an industry that makes $15 billion a year,” declared Paul.
As Justin Gardner noted for the Free Thought Project last month, the health care “debate” has been portrayed as Republicans and Democrats valiantly fighting for the interest of American citizens. But as Ron Paul points out, the actual difference amounts to slightly different degrees of government control over health care, all of it stifling free market solutions and driving up costs.
Exhibit A is the recent move by Democrats and Republicans alike to ban the importation of prescription drugs from other countries such as Canada. While the American Health Care Act takes all the headlines, Congress is quietly passing the FDA Reauthorization Act of 2017—the framework of the Big Pharma protectionist racket.
While the two parties debate superficial and stagnant aspects of the Health Care bill, Republicans and Democrats alike meet behind closed doors with the insurance lobbyists they’re beholden to, in order to figure out ways to increase their bottom lines at the expense of you — the US taxpayer.
“They get enormous profit from the group plans, and then they lose money in the individual markets and they whine, and they come to Washington, they write the bill, and they get bailed out. It’s a terrible situation.” Paul urged.
Sadly, Rand Paul is one of the only politicians in Washington who is unafraid of calling out the medical industrial complex. And, in spite of his best intentions, we can likely expect the Republican bill to pass, causing even more divide between the left and the right — while the big insurance companies watch profits soar — and very little changes in regard to health care.