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Sen. Rand PaulRand PaulSanders, Dems defend ObamaCare at Michigan rally Paul: Medicaid expansion 'the big question' Rand Paul: ObamaCare replacement goal is to insure most people at lowest cost MORE (R-Ky.) on Sunday criticized ObamaCare and said the goal of his replacement plan is to insure as many as people as possible at a low cost.

"Our goal is to insure the most amount of people, give access to the most amount of people, at the least amount of cost," Paul said on CNN's "State of the Union."

"And I think this is where ObamaCare failed. They wanted to insure people, their motives were good, their heart was in the right place. But they put so many mandates in it that they made it too expensive."

Now, Paul said, some companies in the individual market are losing money because "young, healthy people don't want to buy it."

Paul said one of the key reforms of the replacement for President Obama's signature healthcare legislation is to "legalize the sale of inexpensive insurance."

"That means getting rid of the ObamaCare mandates on what you can buy," Paul said.

"We're going to help people save, through health savings accounts as well as a tax credit."

The replacement will also allow "individuals to come together in associations to buy insurance," Paul said.

President-elect Donald TrumpDonald TrumpTrump to continue using @realDonaldTrump account as president Trumps healthcare plan will offer insurance for everybody: report Trump on outgoing CIA director: Was this the leaker of Fake News? MORE vowed throughout his presidential campaign to repeal and replace ObamaCare.

Repealing and replacing the Affordable Care Act has been a top priority of the new Congress, with Republicans now holding majorities in both the House and the Senate.

The House on Fridaytook the first step toward repealing ObamaCarewith a vote largely along party lines to approve a budget resolution serving as the vehicle to wind down the law.

Paul has been an advocate of repealing and replacing ObamaCare at the same time.

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