Thank Rubio For Preventing ObamaCare Bailouts

 

Marco Rubio had a bad week in New Hampshire. But let’s not lose sight of who is actually making a difference in the fight to repeal ObamaCare.

Just prior to the New Hampshire primary, former Senator Rick Santorum dropped out of the race and endorsed Rubio. But then he stumbled when asked to name an accomplishment of Rubio in the Senate. Don’t blame Rubio that Santorum is out of touch.

All the Republican candidates have declared their opposition to ObamaCare, but only one has actually done something already to make a difference. Senator Ted Cruz shut down the government in 2013 in a misguided attempt to defund ObamaCare. The blowback hurt the Republican Party and did nothing to hurt ObamaCare.

But Senator Rubio found a real way to protect the taxpayers and pave the way for the repeal of ObamaCare. Rubio called attention to the Obama administration’s attempt to change the risk corridors provision from budget neutrality to allow the bailout of the insurance industry.

The risk corridors provision was supposed to use the profits of those insurance companies making money on ObamaCare to bailout any losses for other companies. But losses exceeded gains by $2.5 Billion and the White House tried to cave in to the insurance industry lobbyists who screamed for a bailout. Rubio stopped this move by introducing the “ObamaCare Bailout Prevention Act.” This successfully prevented an insurance industry bailout in 2014 and again in 2015 when the same language prevailed in the omnibus spending bill passed at the end of the year over strenuous objections from the White House and the insurance lobby.

The American taxpayer should thank Senator Rubio for standing up to the White House and the insurance lobby and preventing this bailout. Not only has he already saved the taxpayers billions of dollars in bailouts but he has also paved the way for the repeal of ObamaCare.

Insurance company losses are mounting and already UnitedHealth has threatened to pull out of the exchanges at the end of this year. Other companies, including BlueCross BlueShield and Humana recently reported large losses and the future of the exchanges is seriously threatened. Although the Obama administration refuses to acknowledge the existential threat to the law, the American people are not fooled.

The Real Clear Politics average of polls shows Americans continue to express their displeasure with the law with 51.7% opposed and only 43.3% in favor. Even the Democratic candidates oppose the law in its current form, preferring even more government regulation to “fix” the problems.

Rubio might have slipped a bit in his recent debate performance. But the architect of his demise (Governor Chris Christie) has already dropped out of the race and the remaining candidates have accomplished less than he has in the battle to rid the country of the ObamaCare train wreck. President Obama has always been credited with being a great orator but actions speak louder than words. So far, Rubio’s actions have had the loudest impact.

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