Congress Should Not Bail Out Obamacare

Washington – According to reports, health insurance groups are lobbying to extend Obamacare “programs – either reinsurance or risk corridors – that end this year.” Heritage Action released the following statement from chief executive officer Michael A. Needham:

“Obamacare is on the verge of an all-too-predictable collapse. Rather than do the bidding of the insurance companies, conservatives should force President Obama and his congressional allies to explain Obamacare’s failures and why they want to funnel more taxpayer money into a failed law.”

Responding to lobbying documents produced by Blue Cross Blue Shield, The Heritage Foundation’s Edmund Haislmaier said lawmakers must “tell insurers that Congress is not going to continue to bail them out for their Obamacare losses.”  Haislmaier added that “Insurers lobbying for bailouts should be told instead to come back when they are ready to offer Congress constructive assistance in writing workable replacement” of Obamacare once it is repealed. That solution must “produce better solutions for the country, their customers, and their bottom lines.”

Heritage Action Supports the Sasse-Walker Taxpayers Before Insurers Act (S. 2803 / H.R. 5904)