This upcoming Sunday, the people of Venezuela will hold an election that, if legitimate, would put an end to years of the oppressive Maduro narco-regime. U.S. Senator Marco Rubio (R-FL) issued a statement in support of the Venezuelan people: “The...
News
Latest News
Rubio: “La Tenacidad y Valentía del Pueblo venezolano Estarán a la Vista”
Este próximo domingo, el pueblo venezolano tendrá una elección que, de ser legítima, pondría fin a años de opresión por parte del narco-régimen de Maduro. El senador estadounidense Marco Rubio (R-FL) grabó un mensaje de video en español y emitió una declaración en...
Rubio, Scott, Colleagues to Biden Admin: No Privileges Should Be Given to 9/11 Terrorist
Twenty-three years ago, the United States was attacked by Islamic terrorists on September 11, 2001. Now, Zacarias Moussaoui, the only person convicted in a U.S. court for his role in the attack, has requested the U.S. Department of Justice to allow a prisoner transfer...
Next Week: Rubio Staff Hosts Mobile Office Hours
U.S. Senator Marco Rubio’s (R-FL) office will host 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 Rubio’s...
Rubio, Colleagues Introduce Ensuring Continuity in Veterans’ Health Act
As the U.S. Department of Veterans Affairs (VA) opens up new facilities, many veterans are losing access to the VA’s Community Care Program and, consequently, their long-term healthcare providers. Veterans throughout the country have reported a loss of care, including...
Rubio Introduces Bill to Strengthen U.S.-India Security Partnership
The U.S.-India partnership is vital to countering influences from Communist China. In order to strengthen this partnership, it is essential to enhance our strategic diplomatic, economic, and military relationship with New Delhi. U.S. Senator Marco Rubio (R-FL)...
Rubio Introduces Legislation To Hold Administration Accountable, Protect Taxpayers From ObamaCare Bailout
Washington, D.C. – U.S. Senator Marco Rubio (R-FL) today introduced The ObamaCare Taxpayer Bailout Protection Act, legislation to hold the Administration accountable by ensuring ObamaCare’s risk-corridor provision remains budget neutral, which would prevent taxpayer dollars from being used to bailout insurance companies.
This is Rubio’s latest attempt to protect taxpayers from an ObamaCare bailout after introducing The ObamaCare Taxpayer Bailout Prevention Act in November.
Under ObamaCare’s section 1342, risk corridors were established for the law’s first three years as a safety net for insurers who experience financial losses, needlessly exposing taxpayers to funding a bailout of insurance companies. Earlier this month, the Obama administration announced a new rule “to operate the risk corridors program in a budget neutral manner.” Rubio’s bill holds the Administration accountable by requiring that ObamaCare’s risk corridors ensure budget neutrality.
“From rising health care costs to loss of coverage, millions of Americans have already been hurt by ObamaCare. We cannot allow a taxpayer-funded bailout to be the American people’s next hardship,” said Rubio. “The Administration’s excessive delays and revisions of ObamaCare cannot transform the law into a success, and taxpayers cannot be expected to foot the bill for Washington’s mistakes when the law fails.
“This provision holds the Administration to its word and takes a common sense approach to guaranteeing taxpayers are protected from further paying for a reckless and irresponsible law that should never have been passed in the first place,” added Rubio.
A PDF of the legislation is available here.