Marco Rubio: No Bailout for Insurance Companies on Obamacare

On Thursday, U.S. Sen. Marco Rubio, R-Fla., repeated his insistence that insurance companies should not be bailed out by taxpayers due to President Barack Obama's federal health-care law.

Rubio pointed to reports showing the U.S. Department of Health and Human Services would pay insurers for taking risks by entering the health-care exchanges. 
 
“Health insurance companies are losing money because Obamacare is a failure, and the Obama administration is persistently trying to get taxpayers to bail them out,” said Rubio. “We’ve already succeeded once in stopping the Obama administration from bailing out health insurance companies under Obamacare, and it’s critical that Congress once again stand with taxpayers and stop any taxpayer-funded bailout of health insurers from happening.
 
“If the only way Obamacare can continue is for taxpayers to bail out health insurers that lose money because of it, that’s as good an indication as any that the whole law should be repealed and replaced,”  Rubio noted.