Allen Reintroduces Legislation to Hold State Exchanges Accountable
Washington,
January 24, 2017
WASHINGTON, DC—Today, Rep. Rick Allen (R-Ga.-12) reintroduced the Transparency and Accountability of Failed Exchanges Act, H.R. 640. This legislation protects American taxpayers from the failures of Obamacare by holding states that set up state exchanges accountable and provides clear steps to recover federal funds when the exchanges fail. When the Affordable Care Act, or Obamacare, was signed into law, the President freely gave money away to states to establish state exchanges. However, the Administration provided no solution for recovering these funds when the state exchanges failed. Billions of taxpayer dollars have been spent since. Exchanges in multiple states have failed, with other states on the verge of failure. “Obamacare has been disastrous. From rising premiums to dwindling coverage and providers, it is clear this law and its makers were careless in its writing and implementation. The shortcomings of Obamacare should not be placed on the backs of American taxpayers. My legislation ensures the American people are not left with the further burden of repaying the debt when state exchanges fail.” H.R. 640 fixes the aforementioned problem by providing a plan to recover federal funds when state exchanges fail by:
Rep. Allen previously introduced this legislation in the 114th Congress.
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