Mitt said:
I want individuals to have their own insurance. That means the insurance company will have an incentive to keep you healthy. It also means if you don't like what they do, you can fire them. I like being able to fire people who provide services to me.
Just for a moment let's ignore that the only emotion Mitt ever shows is his obvious glee in firing people, and look at the substance of this plan, shall we? How would his plan work for non-multimultimillionaires like you and me?
Short answer: It wouldn't. Follow me over the curlicue.
Say I buy some insurance from Acme Insurance Company. I'm healthy, and everything is going fine; the insurance company pays for my flu shot and my yearly gyn appointment. I work, I ride my bike, I pay my premiums. I'm perfectly happy.
Then I get diagnosed with cancer. The soulless bureaucrats at Acme are not at all interested in losing money, so they start delaying and denying. They send me five counties away for my chemotherapy, they deny the expenses for my drugs, they footdrag, they don't answer their phones... So I fire their asses! Yay!
Yay? What happens next, Mitt? Now I have cancer, and I don't have any insurance. I start calling around.
"Hello, Bargain Health Insurance, my name is Cardinal Fang, and I'm looking for insurance."
"Great, we specialize in low-cost policies for people with no pre-existing conditions?"
"Well, I have cancer..."
"HAHAHAHA!" Click.
"Hello, is this Giant Insurance? I'm Cardinal Fang and I'd like to buy a health insurance policy."
"OK. Tell me about your health history."
"Um, I've been very healthy my entire life..."
"Terrific!"
"But now I have cancer."
"Let's see, let's see, ah, yes, I believe we have a policy for people like you, for only $60,000 a year."
"OK bye."
"Hi, this is Fang, I have cancer and I'd like to buy a policy-" CLICK.
So what's the plan here, Mitt? Am I supposed to write enormous checks to my doctors and the hospitals from my quarter-billion-dollar bank account? Is that how it works? In Mitt-topia, we've eliminated ACA, so insurers are perfectly free to deny me insurance, just like they always have done. Dude, how is this supposed to work for people who don't have a quarter of a billion dollars sitting in the bank? And why is this good?