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Republicans seek to eliminate risk-corridor program
Modern Healthcare

Legislation to abolish the risk-corridor program, which provides financial protection to insurers participating in the Obamacare exchanges, has been introduced in the House and Senate.

The bills were introduced by Sen. Marco Rubio (R-Fla.), who is weighing a 2016 presidential bid, and Rep. Andy Harris (R-Md.), a physician.

“Taxpayers should not have to fund massive bailouts to protect the profits of the insurance companies that helped write Obamacare,” Rubio said in a statement.