Rand Paul says Republicans should have an ACA replacement ready when they repeal the law. (Photo: Paul's office)

Republican Senator Rand Paul said he’s drafting legislation for a health-care insurance plan that could replace Obamacare, including a provision to “legalize” the sale of inexpensive insurance policies that provide abbreviated coverage.

“That means getting rid of the Obamacare mandates on what you can buy,” Paul said in an interview on CNN’s “State of the Union” on Sunday. Obamacare, which Republicans are moving to repeal, requires insurers to cover a number of procedures — such as preventive care and pregnancy — that Paul said drives up the cost.

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