Tag Archives: Bail out

Sen. Rubio Pushes Repeal of Obamacare Provision Permitting Insurance Industry ‘Bailout’

Obamacare includes a provision that allows the federal government to funnel taxpayer dollars to insurers that face the prospect of losing too much money under the new health care law, and conservative critics want to repeal it. Sen. Marco Rubio, R-Fla., said the provision could amount to a bailout of the insurance industry, which stands to lose if the troubled Obamacare exchanges fail to enroll enough people to make the system financially viable. Obamacare enrollment has already been stymied by...

Continue to the original source »

Read More »

Federal Bailouts For Cities Would Reward Bad Behavior

Bailouts for Cities?

Advocates for cash-strapped municipalities want Washington to clean up their mess.

Detroit's July bankruptcy filing, prompted in part by its huge worker-retirement debts, has led to calls for a federal bailout of the beleaguered city — and also, by extension, of retirement debt in other fiscally squeezed municipalities. From the New York Times to blogs and union-issued position papers, bailout supporters argue that the citizens and workers of Detroit and other troubled places aren't to blame for their retirement debts...

Continue to the original source »

Read More »