Sen. Ted Cruz (R-Texas) on Friday warned against a “bailout” of insurance companies, a warning shot as other Republicans work with Democrats on a bill to stabilize ObamaCare markets.
“It would be a serious mistake to bail out insurance companies, rather than provide relief to the millions of Americans who are hurting under Obamacare,” Cruz said in a statement.
Cruz acknowledged that the Senate had failed again this week to pass a bill to repeal and replace the Affordable Care Act, but said that Republicans cannot give up and have to keep working.
The warning against an insurer “bailout” comes as Sens. Lamar Alexander (R-Tenn.) and Patty Murray (R-Wash.) are negotiating a bill aimed at stabilizing ObamaCare, which is expected to include funding for key payments to insurance companies known as cost-sharing reductions (CSRs).
Cruz called to “narrow our focus” on repealing ObamaCare around lower costs and “consumer freedom.”
“The American people did not send us here to bail out insurance companies,” he said. “They sent us here to repeal and replace Obamacare. Failure is not an option.”
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