$1/day or about a tenth of what a millennial may pay for their fancy coffee and avocado toast. Could you possibly get your health insurance for that? Well Conservatarian Kentucky Senator Rand Paul certainly thinks you can.
In an interview on MSNBC’s “Morning Joe” Rand Paul said, “What I’d like to do is legalize inexpensive insurance, and you should be able to get insurance for $1 a day.” Paul said. “The insurance companies make all the money; all of this is predicated upon still propping up the insurance companies.”
Rand says the current Republican Healthcare bill is not up to his standards and is one of four senators along with Mike Lee, Ted Cruz and Ron Johnson currently refusing to support the Republican Healthcare bill. The Kentucky Senator said “I want the bill to look more like a repeal bill” and he stressed the current iteration of the bill still has the same “fundamental flaws” of Obamacare. Paul also explained to host Joe Scarborough how he hopes to connect the consumer back to the pricing of healthcare. Rand says when this has been applied in the LASIK and contacts markets the prices have dropped substantially.
You may remember this fight for a more conservative healthcare bill is not new for Rand. In March Rand put on a tux and educated his fellow members of Congress on President Trump’s negotiating techniques within Trump’s book “The Art Of The Deal”. Rand is only continuing his negotiations for a more free market healthcare system it seems. I can only imagine with Rand’s Healthcare system in place it will be much easier to get the $1/day insurance he is speaking about.
The Healthcare Situation
Currently, Healthcare is nearly 20% of the United States Economy if there was any place where innovation and efficiency are needed Healthcare is the place. What Rand Paul is proposing is removing harmful regulations and barriers to entry that limit competition in the healthcare industry preventing prices from going down. While these regulatory measures are great for the profits of insurance companies they are horrible for the customers of insurance companies.
With proper changes to current laws, we could encourage healthcare to be a freer market and could easily see a $1/day insurance. How you may ask? Well, stay tuned because we will be releasing a guide to how it could be done soon and will be linking it to this article.