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Rubio On Senate Floor: No ObamaCare Bailout For Health Insurance Companies

Dec 3, 2015 | Comunicados de Prensa

Washington, D.C. U.S. Senator Marco Rubio (R-FL) delivered remarks on the Senate floor tonight urging Congress to stop the taxpayer-funded bailout of health insurance companies under ObamaCare.
Watch his speech here. For television stations interested in airing a broadcast quality version of his speech, download it here.
Senate Floor Speech
December 3, 2015
Senator Marco Rubio: “‘Premium stabilization’ is a fancy term for bailout… Why should the American taxpayer have to bail out private insurance companies who are losing money on Obamacare?
“Last year because we passed this provision we saved the American taxpayers $2.5 billion. But now because these companies have lobbyists that come up here and they lobby to get their money, we’re supposed to leave in this fund to bail out private insurance companies? This is outrageous.
“If you want to be involved in the exchanges – which, of course, I want us to repeal the whole law – but if you want to be involved in the exchanges and you lose money, the American taxpayer should not have to bail you out to the tune of over $2 billion. And that is what they’re asking for.”