Sen. Marco Rubio (R., Fla.) is calling for an end to an Obamacare loophole that provides a bailout for health insurance companies if their costs are driven up by insuring too many sick people.
Rubio has introduced the "Obamacare Taxpayer Bailout Prevention Act" in the Senate while U.S. Rep. Tim Griffin (R., Ark.) is sponsoring it in the House. On Tuesday, Rubio and Griffin revealed a letter signed by more than 30 conservative leaders and organizations in support of their proposal.
"All these companies that are going to be losing money on these policies, every single one of them under Obamacare is going to have the opportunity to be bailed out by the taxpayers. That’s wrong, we need to stop that," Rubio said.
