Republican voters are starting to wonder when the politicians they elected are going to get around to keeping their campaign promises. The promise to repeal Obamacare on day one has already been broken, and many Republicans representatives are continuing to hedge their bets on when it will actually happen. Unlike the rest of the Republican Senators, Rand Paul isn’t sitting on his hands and has proposed legislation. Rand Paul’s Obamacare replacement does everything that conservative and libertarian economists have been proposing for decades. It’s a one-stop shop for free market solutions and is far more of a consensus bill than the “Obamacare-lite” bill put forward by Senator Susan Collins.
Unlike the Collins plan which keeps Obamacare taxes and spending, Rand Paul’s bill would fully repeal Obamacare (and wouldn’t replace it with a synonymous program). It includes legalizing low-cost insurance, allowing insurance to be sold across state lines, expanding health savings accounts, insurance pool reform, and allowing association based markets. Rand Paul’s Obamacare replacement rolls everything that think tanks like the Cato Institute have proposed to fix the healthcare market into one package. Nothing in the bill falls outside mainstream conservative and libertarian policy. It’s a straight-forward free market approach that should be able to receive consensus support.
It shouldn’t be controversial to vote on the bill sooner rather than later. As Rand Paul explains above, the deadline to repeal and replace Obamacare is looming. Republicans will have to address the issue before they can begin their tax reform plans, and that must be accomplished before this year’s budget can be finalized. Given its substance, and lack of serious competition, Rand Paul’s Obamacare replacement stands a better chance of becoming law than many of his previous proposals. If the Republican Party does get behind his bill, it could be exactly what sets Rand Paul apart if he decides to run for President again in the future.