Senator Rand Paul (R-Ky.) discussed his plan to replace ObamaCare pending a repeal after President-elect Donald Trump takes office.
He said a replacement plan must be ready to be passed the same day a repeal vote is tallied.
Paul said his own plan covers three distinct points: allowing any type of insurance product be sold, offering tax credits for Americans to utilize in association with Health Savings Accounts, and allowing individuals to purchase insurance in groups, a provision he says will allay fears about 'preexisting conditions'.
My plan is a consensus of numerous Republican replacement plans, Paul said, "very little I've put together is an original idea."
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"ObamaCare is failing because it increased the cost of insurance for young people," Paul said, "you can't let people wait until they're sick to buy insurance [because it will] bankrupt the system."
He said he hopes some moderate Democrats in the Senate will work together on a viable ObamaCare replacement that will thereafter be signed by Trump.
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