Following Senate Health Committee work on a bipartisan bill that would likely fund ObamaCare subsidy payments to insurers known as cost-sharing reductions, Senate Finance Committee Chairman, Orrin Hatch on Tuesday berated the efforts to shore up ObamaCare’s insurance market as a “bailout”, The Hill reports.

In his opening remarks at his committee’s health-care hearing Tuesday, Hatch said “At this point, it’s pretty clear that the parties will need to work together if any of this is going to improve. That said, I am concerned that many of the proposals for a bipartisan solution would amount to little more than a bailout of the current system. This, in my view, would be a mistake.”

The health plan which is highly criticised by Republicans echoing Hatch in calling them bailout, seeks to reimburse insurers for giving discounted deductibles and co-pays to low-income customers.

However, the Insurers have threatened to exit the markets or increase premiums if the payments fails to continue.

Meanwhile, Senate Health Committee Chairman, Lamar Alexander insists on funding the payments, justifying his position with the rhetoric of “stabilizing the insurance markets in conjunction with other reforms, like changes to ObamaCare’s 1332 state waivers to provide for more flexibility.”

Variedly, Hatch claims any bill that funds the subsidy payments should also require substantive changes to the health-care law.

He was of the opinion that, some of ObamaCare’s taxes should be rolled back and “rolling back, or at least amending the individual and employer mandates, two of the most unpopular components in Obamacare.”

“If we simply throw money into the system to maintain cost-sharing subsidies or make payments to insurers, without fixing any of the underlying problems, we would just be setting up yet another cliff, and likely another partisan showdown, in the future,” Hatch said.

He stressed, “But let me be clear: In my view, an Obamacare bailout that is not accompanied by real reforms would be inadvisable. We can’t simply invest more resources into a broken system and hope that it fixes itself over time.”