Buried in the ObamaCare law is a provision that provides a taxpayer bailout of health insurance companies if they lose money on the health care exchanges.
FreedomWorks is urging Aetna not to block The ObamaCare Taxpayer Bailout Prevention Act (S. 1726 and H.R. 3541) that would stop the insurance company bailout.
The bill was introduced by Senator Marco Rubio (R-FL) and Representative Tim Griffin (R-AK).
Tim Carney of The Washington Examiner writes:
FreedomWorks, a prominent Tea Party group, is launching a campaign against the insurance bailout created by Obamacare’s “risk corridor” provisions. In addition to pressuring lawmakers, FreedomWorks is pressuring CEOs against lobbying for a bailout, or accepting a bailout.
Matt Kibbe, president and CEO of FreedomWorks, wrote to Aetna’s CEO in a letter to be made public later today: “I demand that you refrain from lobbying either directly or indirectly (as through the U.S. Chamber of Commerce) against” Marco Rubio’s bill to block the Obamacare insurance bailout.
FreedomWorks Senior Fellow Tom Borelli told Carney:
“Big business was crucial for making Obamacare the law of the land,” Borelli told me, “and we view big business as the key for killing Obamacare.”
Any plan for a taxpayer bailout goes against the principles of Tea Party activists and the free-market.
Take action now and send a message to Congress – sign up at FreedomWorks’ initiative Stop the ObamaCare Bailout.