Saturday, November 19, 2016

GOP Senators Introduce Bill to Block 'Bailout' of Obamacare Risk Program

The Weekly Standard reports:
On Friday, four Republican senators introduced a bill that would prevent the Obama administration from paying certain insurers in what they say amounts to a "bailout" of Obamacare.

Sens. Ben Sasse, Marco Rubio, John Barrasso, and Mike Lee wrote in a joint statement that their HHS Slush Fund Elimination Act would prevent the government from using "any…federal funds, to pay any final judgment, award or settlement compromise related to any lawsuits related to the [Affordable Care Act]'s risk programs."

"The American people are paying too much for health insurance already, and they shouldn't be forced to fork over even more of their paychecks to corporations that embraced a flawed health care law," Rubio said.
Sen. Bill Cassidy: ‘2 years sounds reasonable’ for repealing and replacing Obamacare

"This legislation would stop the administration from squandering taxpayer dollars and help clear the way for real reform that makes health care more affordable for workers and families," he continued.
The struggle against the rent-seeking society.