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AFP: Supreme Court Should Deny Insurance Companies an Obamacare Bailout

Dec 10, 2019 by AFP

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 another. AFP recruits and unites activists in 35 states behind a common goal of advancing policies that will help people improve their lives. For more information, visit www.AmericansForProsperity.org

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