Trump Will Halt Critical Obamacare Subsidy

President Trump “plans to cut off subsidy payments to insurers selling Obamacare coverage in his most aggressive move yet to undermine the health care law,” Politico reports.

“The subsidies, which are worth an estimated $7 billion this year and are paid out in monthly installments, may stop almost immediately since Congress hasn’t appropriated funding for the program.”

Sam Baker: “If Congress doesn’t step up and guarantee this funding, expect insurance companies to raise their premiums dramatically; leave at least some of the ACA’s marketplaces altogether; and potentially sue the administration for withholding payments the law says they’re supposed to receive.”

FavoriteLoadingSave to Favorites
Tweet about this on TwitterShare on FacebookShare on LinkedInEmail this to someone