Discussing the 2016 presidential race with FOX News' Sean Hannity on Monday night, Sen. Rand Paul (R-Ky) confirmed strong suspicions that he's considering a run for the job.

"I have been thinking about it," Paul said.

Though Paul received an unofficial endorsement Monday from former Alaska governor and vice presidential candidate Sarah Palin, who declared to the same network that she was on "Team Rand," Paul said he won't be making a decision for "probably a year."

"I mean, we've been considering it," he said. "I'm talking to my wife and kids about it."

He went on to criticize Obamacare, saying he would stand up in the House to defund it though the Senate "probably won't."

"The ultimate compromise is we take it away from Obama's agenda and back toward ours, which may not be defunding it," he said."

"I would sue," he elaborated further. "We did sue over recess appointments. ... When it goes to the Supreme Court, I think they're going to once again say he usurped power that's not his. We should do the same thing here."