Rand Paul: The Insurance Companies Are Extorting Us, Trump Stopped That

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MORNING JOE: Sen. Rand Paul (R-KY) discusses the president's executive order on the Affordable Care Act, why he says the plan is an attempt to empower consumers and why this could be a bipartisan issue.

MIKE BARNICLE, MORNING JOE: Senator, if you could please explain to me the demographics of this proposed plan. If a 25-year-old healthy person fits in under this, what happens to the 65-year-old unhealthy person?

And the backup question to that, prior to your answer, excuse me, is why -- how have we ended up giving so much power to the insurance conglomerates in this country at the expense of average citizens?



SENATOR RAND PAUL (R-KY): The interesting thing about this proposal is that if you get group insurance under the proposal or any group insurance in our country, they can't discriminate. And that's been that way for a long time.

So if you have a preexisting condition, you can still get any group insurance in our country. It's the same as if you work for a big company. They don't discriminate based on your illnesses.

And the interesting things is the insurance that we're talking about through health associations is exactly the same insurance that big corporations like Coca-Cola, Pepsi, Amazon, Microsoft, this is what they have for their employees. So this is something that most people strive for and would like to have.

If you talk to a welder or a plumber that has to buy insurance for them and their spouse or a small town doctor or lawyer or accountant, they hate the fact that they're buying in the individual market. They would rather have what big corporations have.

This proposal will let you become part of a group like a corporation and have leverage. which goes to your second question. Insurance companies have all the power and they lord it over people in the individual market.

And right now the insurance companies are extorting us in Washington and saying, hey, we just won't sell it to these people. We don't give a damn whether they have insurance or not. We won't sell it unless you give us more money.

What I want to do is do an end around on the insurance companies and say, guess what, what if 15 million people are organized?

How are you going to say no to 15 million people?

So I think what we're trying to do is empower the consumer to bargain collectively and really equalize the equation between insurance companies and the consumer.

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