VIDEO: Senator Marco Rubio Warns of ACA Bailout
By Space Coast Daily // January 21, 2014
ABOVE VIDEO: Senator Marco Rubio raises his concerns raising the future funding of the Affordable Care Act, also known as “Obamacare.”
WASHINGTON D.C. — Senator Marco Rubio, R-Florida, took to the Senate floor to address the federal government’s budget regarding the Affordable Care Act, also known as “Obamacare.”
In his speech, Senator Rubio cited trends revealing fewer younger citizens participating in the healthcare exchanges than originally anticipated.
“If these trends continue, lose money because not enough people under the age of 34 signed up for them and not enough people signed up, under the law, under ObamaCare, they will be entitled to a payout from the high-risk pool. And this is a program that’s in place for the first three years of these exchanges.
And what that means is a taxpayer-funded bailout of ObamaCare. That means the taxpayers of the United States, your money, is going to go from your pocket into the pocket of these private companies….Here is what you can expect to see: First, you can expect to see that companies are now going to say, ‘Well, we need our money. Under the law, we were promised this high-risk, this bailout. We signed up for it under that assumption. Now we need taxpayer money.’
Do you share Senator Rubio’s concerns regarding the outlook for funding the Affordable Care Act? Comment below.
