Legislation that he says would prevent a “potential bailout” of the insurance industry is the Affordable Care Act doesn’t meet cost projections has been introduced by U.S. Rep. Leonard Lance (R-7th).
Lance’s bill, H.R. 3851, would repeal two sections of the ACA that he says are designed to help cover insurance company losses.
One cornerstone of the ACA is signing up enough younger, healthier people to balance out the costs of insuring an older population. Lance believes the ACA won’t enroll enough younger people, resulting in higher and big losses for insurers — and what he predicts would be “another taxpayer-funded bailout.”