Senators push bill to prevent insurance industry ‘bailout’ over ObamaCare


Fox News
November 20, 2013

Warning that the latest ObamaCare “fix” could compel the federal government to bail out insurance companies, Republican senators have introduced a bill to prevent taxpayer funds from being used to prop up the industry.

Sen. Marco Rubio, R-Fla., along with a half-dozen other Republican senators, introduced the “ObamaCare Taxpayer Bailout Prevention Act” on Tuesday. It would strip a provision in the Affordable Care Act pertaining to so-called “risk corridors,” which could allow the government to pay insurance companies to offset financial losses.

Rubio calls it a “blank check” for the industry.

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