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.
Source: Free Beacon
4 comments:
The government is controlled behind the scenes by a criminal cabal of international bankers.
High med costs and insurance premiums are why the Dems wanted socialized health care. It's supposed to be affordable but not by double-dipping in taxpayers' pockets! The cost is higher in many cases. So the Affordable Health Care Act is not affordable for most of us!
All I can say is it's about time....
They need to take the money and put it back into Social Security, the feds owe it a Trillion dollars.
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