Posted on 11/15/2013 11:23:05 AM PST by jimbo123
Obamacare includes a provision that allows the federal government to funnel taxpayer dollars to insurers that face the prospect of losing too much money under the new health care law, and conservative critics want to repeal it.
Sen. Marco Rubio, R-Fla., said the provision could amount to a bailout of the insurance industry, which stands to lose if the troubled Obamacare exchanges fail to enroll enough people to make the system financially viable.
-snip-
Rubio's office was circulating the bill, first reported by Politico, to other senators on Friday.
“I expect we'll introduce [it] as soon as possible next week,” Conant said.
(Excerpt) Read more at washingtonexaminer.com ...
No more bailouts... Scrooge insurance companies—they were salivating over the ACA— let them take a hit like the rest of us.
This is the ultimate threat to the insurance industry. They have been Lewinskying O!@#$% and this will back them off.
NO MORE BAILOUTS!
Aetna, UnitedHealthCare,WellPoint,etc, you have been warned!
The Insurance companies were suckered by Obama.
They thought they were getting a free rein to charge whatever they liked , and raise deductions so they never or seldom paid out. Obama knew it would lead to single payer and Insurance companies would eventually be gone, but the Insurance companies bought into this scam thinking they would be covered by this promise of a bailout.
BS, no buyout. Kill Obamacare, kill it dead, all parts of it. Then Impeach Obama and tar and feather Pelosi & Harry Reid.
That might not be a good idea. If they go under then what’s left??
Medicaid for all?
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