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Screenshot from YouTube video of Sen. Marco Rubio on 5th anniversary of stimulus. Bottled water added for his comfort.
Maybe Marco Rubio should stick to Poland Spring infomercials
Florida Sen. Marco Rubio on Jan. 10, warning the nation of a looming "Obamacare bailout":
Rubio: Clear Signs Emerge That An ObamaCare Bailout Is Coming

Washington, D.C. – U.S. Senator Marco Rubio (R-FL) today commented on new evidence of the increasing likelihood of a taxpayer-funded bailout of health insurance companies under ObamaCare.

According to Rubio, the problem was the law's "risk corridor" provision, which was designed to mitigate risk for insurance companies during the transition to Obamacare. Rubio said the program would fail, leaving taxpayers on the hook for billions of dollars.

Well, on Wednesday the nonpartisan Congressional Budget Office and the Joint Committee on Taxation released the latest numbers on the risk corridor and found:

CBO and JCT also incorporated into the updated baseline projections some new estimates of payments and collections for the risk corridor program, which had previously been projected to have no net budgetary effect; collections are now projected to exceed payments by $8 billion for the 2015–2017 period.
Translated into English, that means there's no "Obamacare bailout." The risk corridor program is working and if Marco Rubio got his way, our deficits would go up to the tune of $8 billion over the next three years.

Originally posted to Daily Kos on Sat Mar 08, 2014 at 05:30 PM PST.

Also republished by North & Central Florida Kossacks.

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