The Obama administration has been caught with it’s fat grubby hands in the cookie jar — once again — seeking to circumvent the law related to Obamacare by diverting billions in funds intended for the U.S. Treasury to cover private insurance companies’ losses.
In 2014, Sen. Marco Rubio inserted language into the omnibus spending bill which specifically barred the Department of Health and Human Services from dipping into the general funds of the Treasury to bailout failing insurance companies, the Washington Post reported.
Marc Thiessen, writing for the Post, observed that the provision is “quietly killing” Obamacare, while the New York Times headlined in December, “Marco Rubio Quietly Undermines Affordable Care Act.” The Hill called the provision, “the biggest blow in the GOP’s five-year war against Obamacare.”
According to the Times, in 2014 “insurers lost $2.9 billion more than expected on Obamacare…Thanks to Rubio’s provision, the administration was allowed to pay only 13 cents of every dollar insurers requested. Without the taxpayer bailouts, more than half of the Obamacare insurance cooperatives created under the law failed.”
Several insurers have pulled out of the remaining exchanges. United Healthcare and Aetna, two of the nation’s largest providers, have indicated they are considering pulling out of Obamacare altogether, due to the billions in losses they have sustained.
The Administration first rams through the Affordable Health Care Act, circumventing the Constitution, an act that was and is unsustainable, and then attempts to rob the coffers to prop up their bogus, un-affordable Obamacare. Pathetic. Obama and his ilk are so steeped in a false ideology that they are willing to do anything to fight reality.
Well done Senator Rubio, keep fighting that abomination of an Act.