Rubio: No ObamaCare Bailout For Health Insurance Companies

Statement

U.S. Senator Marco Rubio (R-FL) today renewed his call to prevent taxpayers from having to bail out health insurance companies under ObamaCare. According to POLITICO Pro, "HHS reiterated today that it's committed to paying insurers the full amount they're owed under a program designed to limit risk for health plans entering the new Obamacare exchanges."

"Health insurance companies are losing money because ObamaCare is a failure, and the Obama Administration is persistently trying to get taxpayers to bail them out," said Rubio. "We've already succeeded once in stopping the Obama Administration from bailing out health insurance companies under ObamaCare, and it's critical that Congress once again stand with taxpayers and stop any taxpayer-funded bailout of health insurers from happening.

"If the only way ObamaCare can continue is for taxpayers to bail out health insurers that lose money because of it, that's as good an indication as any that the whole law should be repealed and replaced," added Rubio.

Source