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Restoring Americans' Healthcare Freedom Reconciliation Act of 2015

Floor Speech

Date: Dec. 3, 2015
Location: Washington, DC
Issues: Health Insurance Government Budget and Spending

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Mr. RUBIO. Mr. President, ``premium stabilization'' is a fancy term for bailout. What this basically seeks to strike out is a provision that takes out the money for a bailout fund, for taxpayer money that would be used to bail out insurance companies that participate in ObamaCare. Why should the American taxpayer have to bail out private insurance companies that are losing money on ObamaCare?

Last year, because we passed this provision, we saved the American taxpayers $2.5 billion. But now, because these companies have lobbyists who come up here and lobby to get their money, we are supposed to leave in this fund to bail out private insurance companies. This is outrageous.

If you want to be involved in the exchanges--and of course I want us to repeal the whole lot, but if you want to be involved in these exchanges and you lose money, the American taxpayer should not have to bail you out to the tune of over $2 billion, and that is what they are asking for.

Mr. President, pursuant to section 904 of the Congressional Budget Act of 1974 and the waiver provisions of applicable budget resolutions, I move to waive all applicable sections of that act and applicable budget resolutions for purposes of amendment No. 2916, and I ask for the yeas and nays.

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