Congress Blocks Bailout of ObamaCare Insurers in Spending Bill
The spending bill released by Congress overnight dealt a victory to Obamacare opponents, blocking a bailout of insurers reporting losses through the healthcare program.
Payments to insurers through a once-obscure provision within the law known as the risk corridors have become a major issue as insurers have been losing money by participating in President Obama’s healthcare law, forcing some to contemplate exiting the market.
The matter has been elevated to presidential politics, as Sen. Marco Rubio, R-Fla., has highlighted his role in saving taxpayers billions of dollars in Obamacare bailout money through his leadership on the issue. Last month, he sent a letter to Congressional Republican leaders urging them to include language in the omnibus spending bill blocking payments to the program.
Read the article “Congress Blocks Bailout of ObamaCare Insurers in Spending Bill” on washingtonexaminer.com.