Republican Kentucky Senator Rand Paul has been pushing for a plan that would allow people to come together to form groups and purchase insurance plans across state lines. The free market approach, according to Paul, would encourage insurance companies to compete for these groups, giving people more choice, and reducing costs.
On Thursday, Paul got his wish after President Donald Trump signed an executive order allowing this kind of plan to happen. According to Paul, he and the president had been working on the plan for months, and the order is now the first step to a real repeal and replacement of Obamacare.
But detractors have already begun lambasting the bill for disadvantaging low-income households and individuals. Paul dismissed the idea on Fox and Friends on Friday morning.
According to Paul, the ability for many low-income workers to come together to form a group represented by one person would give the power to the consumer, allowing many who can’t afford good insurance plans on their own to become a pile of accumulated money that can.
Paul explained that his plan that was enacted on Thursday allows individuals to have the same purchasing power as corporations, essentially putting purchasing power into the hands of the people.
Paul also appeared on the Sean Hannity Show and sang the praises of Trump and the executive order. According to Paul, now that the plan was in place, millions of people either unable or unwilling to participate in Obamacare will now have access to low-cost healthcare options.
Paul said the new healthcare option has “the potential to be amazing.”
“Millions of people are going to choose it and it doesn’t force people to do anything,” Paul said. “My plan today that the president enacted costs zero.”
Good for Rand. And Trump, too. And Iska, wrong place, but let me answer the question you asked on an earlier thread. Am I on the side of the deductions, or “subsidizing” blue states. That’s a bullshit question. You’ve been sold a bill of goods. I don’t think anybody should pay taxes on money they paid taxes on. Ever. For any reason. And how they have convinced people that they have been harmed by this is pure witchcraft. Doesn’t matter to me which level of government they pay into. It’s all the same to me. I just want people who earn their money honestly to pay as little tax as possible. Every single time.
Logical answer. If I contemplate a situation with a 50% state income tax and a 60% federal income tax (sounds extreme, but consider it a thought experiment) with no exemptions, one would owe $1.10 of tax on $1 of income. That would be fucked up. Alright, I’m convinced.