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Senators push bill to prevent insurance industry ‘bailout’ over ObamaCare

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“Warning that the latest Obamacare “fix” could compel the federal government to bail out insurance companies, Republican senators have introduced a bill to prevent taxpayer funds from being used to prop up the industry.

Sen. Marco Rubio, R-Fla., along with a half-dozen other Republican senators, introduced the “Obamacare Taxpayer Bailout Prevention Act” on Tuesday. It would strip a provision in the Affordable Care Act pertaining to so-called “risk corridors,” which could allow the government to pay insurance companies to offset financial losses.”

Source: Fox News



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