Senators press for answers on Obamacare insurance bailout

U.S. Senators John Barrasso (R-WY), Mike Lee (R-UT), Marco Rubio (R-FL), and Ben Sasse (R-NE) pressed the Obama administration about its potential multimillion-dollar bailout of select insurance companies through Obamacare’s Risk Corridors Program (RCP). In a letter to Attorney General Loretta Lynch, Health and Human Services Secretary Sylvia Burwell and Centers for Medicare & Medicaid Services Acting Administrator Andy Slavitt, the senators question the legality and the availability of funds to settle claims for payment under the RCP.

The letter states: “The health care law contained three ri...