Republican Senators Demand Failed Obamacare Exchanges Pay Back Federal Government

Several Republican senators introduced a bill Wednesday requiring states that failed to produce viable Obamacare exchanges to reimburse federal taxpayers hundreds of millions of dollars.

Utah Republican Sen. Orrin Hatch, ranking member of the Senate Finance Committee, and Wyoming Republican Sen. John Barrrasso introduced the legislation Wednesday.

“Hard-working American taxpayers should not be forced to foot the bill for what has already turned into an almost $500 million boondoggle,” Sen. Hatch said in a statement.

The bill would only apply to states who give up entirely on their exchanges and belatedly choose to have the federal government take over and operate their Obamacare marketplace. It would require states to repay ten percent of their federal grant funding each year over a ten year period.

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