According to Stephen Moore, writing in Investor's Business Daily, in September, House leadership scuttled plans to vote on legislation blocking a taxpayer-bailout for insurance companies. The legislation in question would ensure that health insurance companies that lose money participating in the ObamaCare health insurance exchanges do not receive a bailout to cover their loses. Many ObamaCare opponents believe that the reason House leadership scuttled the vote is because the GOP leadership did not wish to antagonize the powerful insurance lobby--the same lobby that worked to pass ObamaCare and benefits from the law's mandates and subsidies.
There is also speculation that the House leadership may join with ObamaCare supporters to add fines for the insurance industry bailout to the spending bill that will be considered in the lame duck session of Congress.
Campaign for Liberty will continue to oppose all taxpayer-funded corporate bailouts and work to repeal ObamaCare.
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PDFTags: Obamacare