Senator Rand Paul made a surprisingly convincing argument for socialized health care. You might forget that he's actually against it!
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00:00I don't think we can overstate the negotiating value of a group.
00:18I was talking about voluntary groups, not the coup log.
00:26When you go to the Farm Bureau to buy your insurance you get an individual policy.
00:29A farmer and his wife and their family get a policy. It's just them.
00:32Well, they're not really protected by the group.
00:34There's probably a million farmers in the Farm Bureau throughout the American Farm Bureau.
00:38What if the American Farm Bureau had an association and one person negotiated for them?
00:44I don't think we can overstate the negotiating value of a group.
00:49Groups can negotiate prices down.
00:51There's about 20 million people in credit unions, maybe more, across the United States.
00:56What if you could join your credit union and you became part of a national association to buy your insurance?
01:02The leverage of 20 million people would be maybe 40, 50 times bigger than America's biggest corporation.
01:09So right now, if you're with General Motors and you're a big corporation, you have leverage to bring your prices down.
01:14What if you were in a corporation 20 times bigger than General Motors, an association that negotiated your prices?
01:21What's so wrong with collective bargaining?