Tea Party Express Endorses Sen. Rubio’s “Obamacare Taxpayer Bailout Prevention Act”
Sacramento, CA – Tea Party Express, the nation’s largest Tea Party political action committee, has endorsed the “Obamacare Taxpayer Bailout Prevention Act” that is to be introduced by Tea Party Senator Marco Rubio.
Tea Party Express Chairman Amy Kremer said, “Senator Rubio has identified another outrageous component of Obamacare that must be stopped. Currently, Section 1342 of Obamacare gives Secretary Sebelius, under the direction of President Obama, unfettered power to bailout private insurance companies if they lose money because of the insurance plans that Obamacare forces them to provide. This is unacceptable, and we demand that Congress passes Senator Rubio’s legislation, the ‘Obamacare Taxpayer Bailout Prevention Act.’
“American taxpayers are already facing rising premium costs and canceled policies due to Obamacare,” Kremer said. “Now those same taxpayers are on the hook to bailout the insurance companies that cannot afford to provide the policies that Obamacare demands. It is no wonder that the insurance companies were willing to take on such risk. President Obama promised them another taxpayer bailout, just like the banks received in 2008 and 2009.
“Senator Rubio has been a leader in fighting against the Obamacare train wreck. He is a stalwart defender of the taxpayer and one of the few politicians in Washington, D.C., who we can count on to do what’s right,” Kremer concluded.