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Washington, D.C. – As Health and Human Services (HHS) Secretary Kathleen Sebelius visits Miami today and Orlando on Monday, U.S. Senator Marco Rubio (R-FL) pressed for answers regarding the potential taxpayer-funded bailout of health insurance companies and looming Medicare Advantage cuts to current beneficiaries, both as a result of ObamaCare.
Rubio is the lead sponsor of S.1726, The ObamaCare Taxpayer Bailout Prevention Act, a bill to repeal section 1342 of ObamaCare, which allows for taxpayer-funded bailouts of health insurance companies to cover their losses. And next Friday, HHS is expected to announce its new rates for Medicare Advantage, with seniors facing a potential double digit benefit cut to the program starting this fall.
“Secretary Sebelius should not expect to leave Florida without addressing the potential for a taxpayer-funded bailout under ObamaCare and anticipated Medicare Advantage cuts for over a million Florida seniors,” said Rubio. “Secretary Sebelius should explain why she believes ObamaCare is so great that it’s worth bailing out insurance companies to save it and cutting existing benefits under Medicare Advantage to fund it.
“Rather than wait for next Friday afternoon’s predictable bad news dump, Secretary Sebelius should be up front with Florida’s seniors about what awaits them this fall: higher out-of-pocket costs, limited doctor choices and scaled back benefits,” added Rubio.