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Friday, July 14, 2017

Rand Paul: Crony capitalism isn't a right, so why does Senate healthcare bill give insurance companies the right to a bailout?

I remember a lot of outrage about two things when I first ran for office: Obamacare and the bank bailouts. Unfortunately, the Senate healthcare bill combines the worst of those two — this time, we're bailing out the big insurance companies.

Why? Partly because of the crony capitalism that pervades the culture in the swamps of Washington.

But it's more than that. In order to advance their crony capitalism, the Senate Obamacare bill takes us beyond the long-running debate about "is healthcare a right" to a new debate: "Is health insurance a right?"

In other words, is there somehow a right to healthcare that includes a taxpayer obligation to maintain insurance industry profits, which hit a record $15 billion last year?

One would hope not.

But the one certainty of the Senate GOP health plan is that it guarantees a profit for Big Insurance. The same Big Insurance that takes in about $15 billion in profit annually.

Am I the only one in the Senate that finds this brand of crony capitalism unseemly?

We aren't talking about whether or not we take care of the poor or disabled who can't afford their healthcare. We already do that in Medicaid and a host of other direct government programs.

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4 comments:

Anonymous said...

Totally agree, and we will be ignored. Total ignorance, sorry.

Steve said...

I'm with Rand on this, and think it's a deal breaker if it's not included in the Reform.

BANG.

Anonymous said...

Gee I wish someone would bail me the f out.
After being raped of 10, 12 and 14K a year for healthcare since 2014, I am now left uninsured and without a savings.

Anonymous said...

I sure hope Trump doesn't sign a bill like that. I think I saw on the news that Rand Paul has a close working relationship with President Trump I sure hope so.