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January 22, 2014 Dear Senator Rubio and Representative Griffin: On behalf of more than two million Americans

for Prosperity activists in all 50 states, I write in strong support for your legislation to eliminate section 1342 of Presidents health care law, the risk corridor provision. Your legislation, the Obamacare Bailout Prevention Act (S.1726 and H.R. 3541), would revoke authority from HHS to stabilize health care premiums using taxpayer dollars under the Presidents heath care law. The Presidents health care law is essentially one giant handout the health insurance industry. On top of the $1.1 trillion in subsidies that the law grants to health insurance companies and the mandate that Americans buy their product, the health care law includes another program that will force tax payers to bailout insurance companies. This provision of the law allows HHS to reimburse insurance companies up to 80% of their additional cost during the first three years of the health care law with taxpayer money. Due to the problems with the health insurance exchange websites, young healthy people are not enrolling in the health care law in large numbers. As a result, even though initially CBO scored the Risk Corridor provision as budget neutral, it will end up being very expensive and may put taxpayers on the hook for potentially billions of dollars. Americans for Prosperity has raised concerns about the Reinsurance, Risk Corridors and Risk Adjustment, going back to 2011, and our concerns continue. Americans for Prosperity is proud to support your legislation to prevent a taxpayer bailout of insurance companies. I urge your colleagues to support its passage, and I look forward to working with you in the future. Sincerely,

Christine Harbin Hanson Federal Affairs Manager Americans for Prosperity


Americans for Prosperity (AFP) is a nationwide organization of citizen leaders committed to advancing every individual's right to economic freedom and opportunity. AFP believes reducing the size and scope of government is the best safeguard to ensuring individual productivity and prosperity for all Americans. AFP educates and engages citizens in support of restraining state and federal government growth and returning government to its constitutional limits. AFP has more than 2 million members, including members in all 50 states, and 36 state chapters and affiliates. More than 90,000 Americans in all 50 states have made a financial investment in AFP or AFP Foundation. For more information, visit www.americansforprosperity.org. Americans for Prosperity does not support or oppose candidates for public office. ###

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