Marco Rubio Warns About Obamacare Bailouts

U.S. Sen. Marco Rubio, R-Fla,, pointed to a legal opinion from the Government Accountability Office (GAO) which showed monies designated for President Barack Obamas federal health-care law cant be used to salvage insurance companies without congressional approval.

As many of us predicted, Obamacare is a failure that forces the American people to not only buy health insurance, but also forces the American taxpayer to bail out insurance companies that incur a loss under the Obamacare exchanges, said Rubio on Tuesday. The fact that we have to bail out Obamacare in the first place tells us the law is a failure.

We should not be bailing out a failure, Rubio continued. Given the Obama administrations history of taking executive action to rewrite Obamacare and ignoring the legislative process, Congress needs to make sure taxpayers dont end up paying for an Obamacare bailout in 2015 or ever.