LL: When do you plan on re-introducing your "Repeal, Replace Bill"?
PB: We planned on introducing the bill this week but because of the tragedy, I'm not sure when we'll do it but it will be right away though.
LL: Can you tell us more about it?
PB: Its a very simple bill and does four things- it allows people to buy insurance across state lines, second it allows businesses as well individuals to join association pools which will have multiple insurance products that they can purchase, three it allows tax fairness- everyone would be allow to deduct 100 percent of their health care costs from their federal income taxes and fourthly, it stimulates the states to create high risk pools to cover those who are uninsurable.
This is not an absolute, comprehensive bill, but its one that will remarkably change health care financing. It will make it affordable so the vast majority of people who can not afford insurance now, could afford it with my bill. And those who are uninsurable today will be covered because of the state high risk pools. I challenged Democrats when we were discussing Obamacare to introduce the bill. In fact, I told them that I would give them the four points and the legislative language.
All's they had to do was write their name into the line where it said introduced by. That could be their bill, that could be Obamacare. And I had Democrat, after Democrat, even the far liberals tell me, "Paul, this makes more sense that what we are doing here. But I can't introduce it because my leadership would punish me."
LL: Do you think this bill would have the blessing of the state attorney generals who are fighting against Obamacare right now on health care reform's constitutionality?
PB: Absolutely. This reform is totally in the marketplace. This bill is constitutional in that there are no federal mandates. Our Founding Fathers wanted to make sure was our commerce was not impeded across state lines.
That's what's happening today. The state's locking up their health insurance within their state lines and that is unconstitutional and we have to change that. Hopefully we can get this bill passed so people can buy insurance anywhere they want just like our Founding Fathers meant it to be. We need to maintain the good quality of health care we have today without rationing it like Obamacare's going to do.
During the Obamacare debate, Harry Reid, Nancy Pelosi and Barak Obama only had one thing in mind—and that was passing a bill that would lead us to socialized medicine. In fact, the President said himself just before the bill was passed, that he wanted everybody in this country in one pool.
That's what Obamacare is designed to do. Its designed for the private insurance system to fail and for us to have everyone in this country in one pool. The whole debate, the leadership had was whether we had a public exchange or a public option. That was the only debate Obama, Reid and Nancy Pelosi had when they pushed this through. Obamacare is designed to be expensive, its designed to fail and its designed for American people to be forced to go into a socialized health care system. And its already being successful in that regard.
LL: What do you think of the CBO scoring and the statement that repealing this plan could increase the deficit?
PB: The CBO scoring is static and it is not a proper evaluation of the bill. Its what I like to call "voodoo economics" a person has to be dead, walking around in a daze to believe the economic parameters that Nancy Pelosi has been using in the last four years. We have to go to a more realistic scoring of all bills. The static scoring the CBO uses is not practical and its not what happens out in the real world.
We have already seen the tax decreases and increases in federal revenue. Now that's counter intuitive by what you would think but its because of the increase economic activity in America. We saw it with John F. Kennedy, Ronald Regan, we saw it with the 1992 and 1993 tax cuts. The CBO does not look at that kind of economic evaluation. I'd like us to fire the CBO and go to some realistic way of scoring these bills.
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A Senior Talent Producer at CNBC, and author of "Thriving in the New Economy:Lessons from Today's Top Business Minds."