Rubio: Clear Signs Emerge That An ObamaCare Bailout Is ComingAccording 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.
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.
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.