Obama Administration Paves Way for Obamacare Bailout

A 436-page stack of regulations released on Friday by the Department of Health and Human Services (HHS) paved the way for the Obama administration to bailout health insurers who lost money on Obamacare.

Originally, the Obama administration promised its so-called “risk corridors”–a program to shift money from profit-making insurers to underperforming insurers to keep down premiums–would be temporary. On Friday, however, HHS said despite the fact that it expects there will be sufficient funds available, “in the unlikely event of a shortfall for the 2015 program year… [the Department of Health and Human Services] will use other sources of funding for the risk corridor payment” and that additional funding would “be subject to the availability of appropriations.”

Last month, Sen. Marco Rubio (R-FL) introduced a bill called “The Obamacare Taxpayer Bailout Protection Act” that would prevent the expansion of Obamacare’s risk corridors.