News

Latest News

ICYMI: Rubio: Open Border Is Open Door to ISIS

Biden’s open border lets ISIS walk right into US U.S. Senator Marco Rubio (R-FL) May 20, 2024 Fox News …President Joe Biden’s illegal immigration policies are giving ISIS-K clear access to the homeland, raising the threat of terrorist attacks on U.S. soil.  Just...

read more

ICYMI: Rubio Joins NBC’s Meet the Press

U.S. Senator Marco Rubio (R-FL) joined NBC’s Meet the Press to discuss the inalienable right to life, the illegal mass migration crisis, and election-denier hypocrisy in legacy media. See below for highlights and watch the full interview on YouTube and Rumble. On the...

read more

Next Week: Rubio Staff Hosts Mobile Office Hours

U.S. Senator Marco Rubio’s (R-FL) office will host in-person Mobile Office Hours next week to assist constituents with federal casework issues in their respective local communities. These office hours offer constituents who do not live close to one of Senator Rubio’s...

read more

Rubio: DHS Must Do More to Fully Implement UFLPA

The U.S. Department of Homeland Security (DHS) has announced 26 additions to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List. While this is welcomed news, the Biden Administration has yet to include exporters who are tainting the United States’ supply chain...

read more

As ObamaCare Bailout Possibility Grows, Rubio Calls For Repeal Of Bailout Program

May 1, 2015 | Press Releases

Washington, D.C. U.S. Senator Marco Rubio (R-FL) issued the following statement regarding credit rating agency Standard & Poor’s new report that ObamaCare’s risk corridor program is “significantly underfunded”:

“This report confirms, once again, that ObamaCare is not working the way it was sold and the so-called risk corridor provision must go,” said Rubio. “Taxpayers should not have to fund bailouts to protect the profits of the insurance companies that helped write ObamaCare. The legislation I’ve introduced will protect Americans from yet another corporate bailout that puts them on the hook for Washington’s mistakes.”

In January, Rubio introduced “The ObamaCare Taxpayer Bailout Prevention Act,” a bill that would eliminate the provision of ObamaCare that allows for taxpayer-funded bailouts of insurance companies at the Obama Administration’s sole discretion.

The bill would repeal section 1342 of ObamaCare, which establishes a risk corridor program to distribute money from exchange plans that earned profits to exchange plans that suffered losses. However, the risk corridor program was not designed to be budget neutral, and section 1342 of ObamaCare puts the American taxpayer at risk of a taxpayer bailout if insurers systematically lose money on exchange plans. By repealing Section 1342, the legislation would force the administration to come back to Congress to request appropriations to cover any losses in the program.