TRANSCRIPT: ABC News/Facebook/WMUR Republicans Debate

Well, that's the reason.

The resources are going overseas. We're fighting a trillion- dollar war and we shouldn't be doing it. Those resources should be spent back here at home.

There is an inflationary factor. We can't afford it. We do have good medical care, but the costs are so high now that our people in this country are actually going to India and getting their heart surgery done.

PAUL: They pay the plane ticket, the hospital and the hotel and they get it for half-price.

So it's inflation, but if you don't understand how inflation comes, we can't solve this problem. It comes from deficit financing with this war-mongering foreign policy we have. We run up the deficits. We tax. We borrow. We borrow from the Chinese. We can't borrow enough.

Then what do we do? We print the money, and then you wonder where the inflation comes. The value of the dollar is down and the prices go up, where the government gets involved in certain things like housing or medical care or education, prices are skyrocketing.

So you have to deal with the monetary issue to solve the problem of the medical issue.

GIBSON: Senator Thompson?

THOMPSON: Ahem.

(LAUGHTER)

PAUL: Don't print anymore money. We don't need anymore money.

THOMPSON: So if we would stop printing so much money, we could get out of the war and provide health care to everybody.

PAUL: Get out of the war, and we wouldn't have to print the money.

THOMPSON: OK. I just wanted to...

(CROSSTALK)

THOMPSON: I wanted to make sure I had this right.

(LAUGHTER)

THOMPSON: Let me break it down a little bit so I can understand it a little bit better.

PAUL (?): Keep trying.

THOMPSON: We've got the best health care in the world. It costs more than it should.

We can either go one of two ways.

We can let the government take it over, and that'll lower costs, like they do in other countries. We will also sacrifice care, which nobody wants to do -- we're not going to do, in this country.

Or we can make the markets work more efficiently. There are a lot of components to that. Part of that is not just giving a tax break to the individual. That's part of it. But it's also putting them in a position to get the best prices for the care they're getting.

We do that in every other aspect of our life. That's what keeps prices as low as they are.

THOMPSON: I mean, if the consumer had no concept of what the product was costing and did no shopping for it, when you could get an MRI here for one price or over here for half the price, you don't even know that to make the choice. It wouldn't work at all.

So you can do that. You can open up these markets so a person can buy their insurance from all over the country. We've got various state regulations now, that, as a practical matter, prohibit that. Make the markets work.

But we're never -- let's be honest with the people. We're probably never -- if you lower costs, more people who want insurance will be able to afford it. We're probably never going to achieve total coverage.

A good number of the people who are uninsured can afford it and choose not to do so. A good number of people who are eligible for government assistance, and choose -- can manage and choose not to.

GIBSON: But Government Romney's system has mandates in Massachusetts, although you backed away from mandates on a national basis.

ROMNEY: No, no, I like mandates. The mandates work.

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