Weighing in on the GOP’s failure to repeal Obamacare, Rand Paul, who has been outspoken in his support for replacing the health care legislation, has warned that insurance premiums will continue to skyrocket.

Writing for Rare, Paul warned “What will happen now that the Obamacare repeal has failed? The same thing that was already happening: Premiums will skyrocket. Insurers will exit, leaving monopolies or vacuums, and Americans will have less choice.”

Paul blamed the GOP ‘losing its nerve’ and abandoning real repeal on “billion dollar insurance companies.”

“The insurance industry, titans of crony capitalism, whined and whined that repeal alone would cause premiums to rise. Insurers to drop out. Americans to lose coverage.” Paul urged.