More than 50 conservative groups are asking lawmakers to block payments to insurers under Obamacare they say would be a “bailout” of insurance companies.
The groups, which include Freedom Partners, Americans for Prosperity, Americans for Tax Reform and Heritage Action, are calling on Congress in a Wednesday letter to block payments using taxpayer money from going to insurers under two Affordable Care Act programs.
The groups want Congress to recoup $5 billion they say was illegally given to insurance companies experiences greater losses than expected under the law’s reinsurance program and are urging lawmakers to pass a measure blocking future payments from a “Judgement Fund” to settle insurer lawsuits under the law’s risk corridor program.
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