Dec 10 2014
Washington, D.C. – U.S. Senator Marco Rubio (R-FL), the original sponsor of S.2214, the Obamacare Taxpayer Bailout Protection Act, today issued the following statement regarding the Obamacare bailout provisions in the omnibus spending bill released last night:
“For over a year, I’ve fought to protect Americans from having to fund massive bailouts to protect the profits of the insurance companies that helped write Obamacare. While there is much in this massive spending measure that is simply bad for America, at least the provisions protecting against a taxpayer-funded bailout of insurance companies are a step in the right direction. While the Obama administration can still administer the risk-corridor program, for one year at least, they won’t be able to use taxpayer funds to bail out insurance companies. When Congress returns next year, I will fight to permanently repeal the risk corridor provisions to protect taxpayers after the current legislation expires.”
In October, Rubio and his colleagues sent a letter to Speaker Boehner urging him to protect Congress’ power of the purse and prohibit the Obama administration from dispersing unlawful risk corridor payments that expose taxpayers to an Obamacare bailout.