Kentucky Republican Sen. Rand Paul, Sunday morning on ABC’s “This Week,” explained why he does not support extending Covid-era Obamacare insurance subsidies:

JON KARL, ABC NEWS: And let me ask you quickly on health care. You heard what Leader Jeffries said. I know you oppose extending these tax credits. One compromise that’s out there is a one-year extension of the tax credits. Is that something that you think might fly in the Senate? I don’t suggest you’ll support it, but do you think your Republican colleagues may support that? SEN. RAND PAUL: I haven’t met anybody in Kentucky who wants to give subsidies to people who make $ 100,000 a year. These subsidies give $ 13,000 to someone making $ 100,000. They give $ 1,500 to someone making $ 200,000 a year. This is not poor people. Look, we have health care in our country for poor people. It’s called Medicaid. All of the rest of this stuff has not worked. Obamacare has been a failure. President Obama said it would bring premiums down. Premiums have gone through the roof. Every time we give more subsidies, the premiums go higher. I have a plan that says, everybody in this marketplace, and it’s only about four percent, everybody in this marketplace should be able to go to Amazon or Costco or Sam’s Club and as a group, a large group, millions of people in the group, negotiate with big insurance to bring prices down. It’s the only proposal out there that has a chance of bringing prices down. If you continue the subsidies, the premiums will simply go higher. KARL: You’ve been consistent. Of course, Medicaid’s also been cut.

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