Bailout

Many were unaware and many who knew have forgotten how Senator Rubio effectively shortened the life of Obamacare. When Obama proposed his new plan the insurance companies backed the idea because they would get the promised 31 million new customers and if they lost money the government would reimburse their losses through what was referred to as the bailout clause. They knew that losses were likely because the plan removed the preexisting condition clause. When congress passed the spending bill in December 2014, Rubio attached a rider that passed without anyone noticing that removed the bailout and when insurance companies started losing money they one by one dropped out of the plan.