Rand on Health Care Bill: Government Shouldn’t Be Giving Any Money to Insurance Companies

‘Insurance companies made $15 million in profit last year’

RUSH EXCERPT:
BLITZER: "It's not easy reading. I have to tell you. Your democratic colleagues, senator Chris Murphy of Connecticut, any Republican opposition to this bill in his words is merely prescriptive theater. This is what he tweeted, Senate will try to follow house script, one Senate are concern, two, pass meaningless amendments, claim bill is fixed, four, fall in line. Is your opposition to this bill political theater?"
PAUL: "Well, senator Murphy and I do a lot of things together, on this we disagree. My opposition has been principled in the sense that I think the marketplace works better, I think freedom works better than coercion. And I think the federal government shouldn't be giving any money to insurance companies. Insurance companies made $15 million in profit last year, the new Republican bill will give them $110 billion to bring down prices, but to me that's a ludicrous economic concept. That would be like telling America, new cars cost too much, we're going to have a stabilization fund so your new car will cost less or food costs too much or any number of things, education, and we're going to subsidize the cost to bring it down, it sort of ignores the fact that our annual budget is $500 billion in debt. I don't know how we're going to pay for all of this new."

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