Rubio wants to repeal Obamacare and replace it with pre-tax health care money and a private insurance market.
ATTORNEY GENERAL WILSON: I’ve thought a lot about as President do you repeal Obamacare and if so what do you replace it with?
MARCO RUBIO: We do repeal Obamacare and one of the concerns I have…one of the concerns I have is there is an effort underway now in congress by good people that are doing what they think is best but they’re trying to repeal Obamacare to reconciliation but only portions of it. Not being tried enough and I think that’s a mistake I don’t think there’s any piece of Obamacare….I think that it needs to be repealed and replaced and here’s what you replace it with. You replace it with a law that empowers people to make health care decisions and here’s how: You say to every American “From now on you control your own pre-tax health care money” if your employer gives you $600 a month to buy health insurance you don’t pay taxes on that money, you control how you spend it. If you’re self employed and you want to give yourself the money you don’t make a lot of money in tax credit but now every American would have access to pre-tax health money and you can use it for a combination of different ways. You can use it to fund a health savings account and pay out of pocket. If you’re young and buy catastrophic hospitalization or you can use it to buy health insurance and you can buy from any company in America and any state in America across state lines that will sell you a plan that you like. What’s going to be the impact of that? Here’s going to be the impact of that: The impact of that is going to be what you see now in some respect in the auto insurance industry. Turn on the television. Every ad is for Liberty Mutual, Geico, State Farm, All State, The General, Prudential, Progressive (who am I missing? Affleck) Why are there so many auto insurance companies and why are they all advertising to you? Because you control your auto insurance and they’re competing against each other so that you will buy their product instead of someone else’s product. And how do they compete? By offering you what? Better quality at a lower price. And so if we can create a vibrant private insurance market in America where they instead of trying to impress a big company or trying to impress the government they’re trying to get you to decide to buy them. They’re going to lower prices and they’re going to improve quality to get your business. And that’s why we need a vibrant private insurance market where every American has access to pre-tax health insurance money that they can use to buy the kind of insurance they want from any company they want from any state in the country. That’s a lot better then what we have right now under Obamacare.