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AFP: Supreme Court Should Deny Insurance Companies an Obamacare Bailout

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Unread 12.10.19, 09:42 PM
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AFP: Supreme Court Should Deny Insurance Companies an Obamacare Bailout

12.10.19 11:54 AM

Arlington, Va.—Today, the Supreme Court heard oral arguments from insurance companies requesting a bailout after participating in the Affordable Care Act “risk corridors” program, which Congress appropriately defunded. Americans for Prosperity (AFP) filed an*amicus brief opposing the insurance companies, arguing that the Supreme Court must preserve Congress’s*exclusive*authority to tax and spend and not allow the judicial or executive branches to overstep their bounds*and override the legislature’s decision. Casey*Mattox, Vice President, Legal & Judicial Strategy,*Americans for Prosperity, issued the following statement: “Congress ultimately holds the power of the purse, and taxpayers shouldn’t have to*subsidize*the risk voluntarily taken by these insurance companies when they participated in the Obamacare program. Insurance companies*knew the risks*of offering plans on Affordable Care Act exchanges,*and it’s not up to taxpayers to bail them out. Congress was right to eliminate these payments,*and the courts would be wrong to overrule*its decision.”   For further information or to set up an*interview, please send an email to*GCipriano@afphq.org. Through broad-based grassroots outreach,*Americans for Prosperity*(AFP) is driving long-term solutions to the country’s biggest problems.*AFP activists engage friends and neighbors on key issues and encourage them to take an active role in building a culture of mutual benefit, where people succeed by helping one […]

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