Rubio Bill to Stop Insurance Company Bailout

ScreamingEagle

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Jul 5, 2004
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Rubio spokesman Alex Conant said the Tea Party-aligned senator and potential 2016 presidential candidate is concerned that the fix Obama proposed would increase the likelihood that insurance companies would need a federal bailout. And the existing law would effectively give Obama a blank check to deal with it, he said.

“We need to protect taxpayers from having to bail out anyone as a consequence of Obamacare," Conant said in an email exchange with the Washington Examiner. "Rubio's bill will fully repeal the 'risk corridor' provision in Obamacare, preventing a bailout."

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.

Rubio presses to repeal Obamacare provision allowing insurance industry 'bailout' | WashingtonExaminer.com
 

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