Rand Paul: High Risk Pools ‘Basically a Subsidy and Bailout for Insurance Companies’
PAUL: “One of the basic precepts of ObamaCare was that the federal government got involved with buying insurance. I don’t think the federal government should be in the business of buying insurance. The insurance companies made $6 billion a year in profit before ObamaCare. They now make $15 billion a year. They want a bailout. All this talk of high-risk pools, and this fancy, wonky talk about health care, it’s basically subsidy and a bailout for insurance companies."