If This Provision Passes, Many Insurance Companies Will Leave ObamaCrapCare. The Unintended Consequence Of Breaking A Promise To Companies Who Provided Insurance To Sick People

BREAKING: GOP Congress 

Finally Fights Back Against 

This Obama Attempt at a Government 

Bailout

• 06/10/2016 
• Source: Free Beacon 
• by: Adam Kredo

6 6 2  20

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A delegation of leading senators are seeking to stop the Obama administration 

from providing some health insurers with a $2.5 billion taxpayer-funded bailout 

under a provision in the Affordable Care Act, or Obamacare, according to 

congressional communication exclusively obtained by theWashington Free 

Beacon.

The senators are petitioning their colleagues on key committees to ensure that 

U.S. taxpayers will not have to foot the bill for excess costs incurred by insurance

 companies selling low-cost coverage under the Obamacare program, according 

to the letter, which lambasts the healthcare program for burdening middle- and 

lower-class families.

The letter—sent Thursday to leaders on the Senate’s appropriations committee 

by Republican Sens. Marco Rubio (Fla.), Mike Lee (Utah), John Cornyn (Texas),

 John Barrasso (Wyo.), Cory Gardner (Colo.), David Vitter (La.), Jim 

Inhofe (Okla.), and Thom Tillis (N.C.)—centers around a contested 

Obamacare provision known as risk corridors.

Under this provision, the federal government compensates insurance 

companies if they wind up with larger costs as a result of selling cheap 

insurance policies to unhealthy individuals under Obamacare.

The senators are seeking to get language in the fiscal year 2017 budget 

that would ensure that the risk corridor program remains budget neutral

 amid attempts by the Obama administration to use some $2.5 billion in 

taxpayer funds to bailout insurers.

Read more at http://americanactionnews.com/articles/breaking-gop-congress-finally-fights-back-against-this-obama-attempt-at-a-government-bailout#Z0w5EolgKPCbDuXz.99