Rubio Trolls Obamacare With Bill To Repeal 'Bailout' Provision
Sen. Marco Rubio (R-FL) plans to introduce legislation this week to repeal a temporary piece of Obamacare he decries as a taxpayer "bailout" of insurance companies, which was designed to ensure stability in the law's individual and small-group markets.
The bill would repeal the "risk corridors," a temporary Obamacare program to protect insurers financially if they end up enrolling a riskier crop of patients in the law's market exchanges. It sets up a pool of funds which insurers who enroll younger and healthier patients will pay into, and which will compensate insurers who sign up older and sicker patients.
"We need to protect taxpayers from having to bail out anyone as a consequence of ObamaCare," Alex Conant, a spokesman for Rubio, told TPM in an email. "Rubio's bill will fully repeal the risk corridor provision in Obamacare, preventing a bailout under the existing risk corridor provision of Obamacare."
Rubio Trolls Obamacare With Bill To Repeal 'Bailout' Provision
This protects us from bailing out the insurance companies when Obmacare collapses. Again, the Democrats didnt look out for us, but someone will.
Sen. Marco Rubio (R-FL) plans to introduce legislation this week to repeal a temporary piece of Obamacare he decries as a taxpayer "bailout" of insurance companies, which was designed to ensure stability in the law's individual and small-group markets.
The bill would repeal the "risk corridors," a temporary Obamacare program to protect insurers financially if they end up enrolling a riskier crop of patients in the law's market exchanges. It sets up a pool of funds which insurers who enroll younger and healthier patients will pay into, and which will compensate insurers who sign up older and sicker patients.
"We need to protect taxpayers from having to bail out anyone as a consequence of ObamaCare," Alex Conant, a spokesman for Rubio, told TPM in an email. "Rubio's bill will fully repeal the risk corridor provision in Obamacare, preventing a bailout under the existing risk corridor provision of Obamacare."
Rubio Trolls Obamacare With Bill To Repeal 'Bailout' Provision
This protects us from bailing out the insurance companies when Obmacare collapses. Again, the Democrats didnt look out for us, but someone will.
