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Sen. Rand PaulRand PaulTrump called Cruz to press him on ObamaCare repeal bill: report Trump tells Democrats they need courage to fix ObamaCare Fifth GOP senator announces opposition to healthcare bill MORE (R-Ky.) slammed Senate Republicans' healthcare overhaul bill on Friday, saying that it's grounded in "propping up" insurance companies.

He also called for the creation of a healthcare law that would reduce insurance costs to as little as $1 a day for at least some consumers.

"What I'd like to do is legalize inexpensive insurance, and you should be able to get insurance for $1 a day. I mean, you really should," Paul said on MSNBC's "Morning Joe." "The insurance companies make all the money; all of this is predicated upon still propping up the insurance companies."

Paul's comments came a day after Republican leaders in the Senate unveiled their highly anticipated plan to repeal and replace large parts of the Affordable Care Act.

Senate GOP leaders can only afford to lose two votes with their 52-member majority and still pass the bill. They also face pressure from senators who are worried the legislation cuts too deeply into Medicaid.

Paul said Friday that the Senate bill fails to address ObamaCare's subsidies to insurance companies, arguing that it continues a trend of "bailing out" insurers.

"I want the bill to look more like a repeal bill. I promised people I was going to repeal it; I didn't promise people that I was going to replace it with a federal program of bailing out insurance companies," he said.

"I mean, we could do this for cars," he added. "New cars are expensive. We could have a car stabilization fund."

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Rand Paul: Insurance should be available for $1 a day - The Hill