This year marks the first anniversary of the October 7, 2023 terrorist attacks against Israel. 32 Americans died in those attacks, and four of the Americans taken hostage that day remain in captivity. U.S. Senator Marco Rubio (R-FL) released a video remembering the...
Following Hurricane Helene’s catastrophic damage throughout Florida’s gulf coast, U.S. Senator Marco Rubio (R-FL) met with the Florida Farm Bureau as well as local agricultural producers, farmers, and growers to discuss the storm’s impact. Photos are courtesy of...
Following Hurricane Helene’s catastrophic damage throughout Florida’s Gulf Coast, U.S. Senator Marco Rubio (R-FL) met with local officials and volunteers from the barrier islands to discuss the storm’s impact and current recovery efforts. Photos are courtesy of...
Hurricane Helene made landfall as a Category 4 storm, causing catastrophic damage along Florida’s Gulf Coast. It’s crucial for the federal government to expedite state-requested resources and authorize key policy flexibilities in order for Floridians to make a swift...
U.S. Senator Marco Rubio’s (R-FL) office will host two in-person events to assist constituents affected by Hurricane Helene and help navigate applications for FEMA assistance. Food, water, and additional resources will be available at the events. Event...
U.S. Senator Marco Rubio’s (R-FL) office will host in-person and virtual 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 Marco Rubio (R-FL) is challenging Republican leaders in Congress to officially stop taxpayer dollars from being used to bail out Obamacare.
“If we don’t make this happen, then the American people have every right to be angry at the Republican leadership because this should be among our highest highest priorities at the end of this year,” the presidential contender says in an exclusive interview with Breitbart News.
For years, Rubio has pressed leaders in his party to repeal the “risk corridor” provisions in Obamacare that would allow the federal government to effectively bail out insurance company losses from participating in the program. Thanks to a policy rider in the 2014 omnibus bill inspired by Rubio, bailout payments from the federal government are currently being choked off.
In 2014, insurers asked for $2.87 billion in government payments from the program, but the Department of Health and Human Services have only collected $362 million for the program. Thanks to the budget rider, they can’t use funds from other areas to fill the funding gap.
Health insurance lobbyists are pressing members of Congress to restore some kind of funding mechanism to soften the blow they are experiencing as a result of participating in the Obamacare exchanges. But Rubio argued that Republicans should take a stand against the idea.
“Why should American taxpayers be bailing out insurance companies, many of whom cooperated with, conspired with alongside the Obama administration to get Obamacare passed?” he asked. “And now they want to come with their lobbyists and basically force the American taxpayer to put money into a fund that bails them out for having lost money on the Obamacare exchanges.”
UnitedHealth, the nation’s largest insurance company recently announced $425 million in losses and warned that the company might exit the Obamacare health exchanges entirely.
“I think it’s only going to accelerate now, because once these companies can’t get bailed out, many of them are deciding they no longer want to participate in the Obamacare exchange,” Rubio said, referring to the warning from UnitedHealth’s CEO.
The only way Obamacare remained sustainable for many companies, Rubio said, was from promised Obamacare bailouts. He admitted that the ideal scenario for Republicans in Congress would be to repeal Obamacare, but he believed that they should at least block the Obamacare bailouts.
“The American taxpayer should not be bailing out a private industry, should not be bailing out the insurance company,” he said.
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