Trump will scrap critical Obamacare subsidy – Donald Trump Sucks

Trump will scrap critical Obamacare subsidy – Donald Trump Sucks


The decision to end the payments, worth an estimated $7 billion this year, marks President Donald Trump’s most aggressive move yet to dismantle Obamacare. | Brendan Smialowski/AFP/Getty Images

Scrapping the payments to insurers, which could happen almost immediately, is likely to provide another jolt to Obamacare markets.

Updated


President Donald Trump plans to cut off subsidy payments to insurers selling Obamacare coverage in his most aggressive move yet to undermine the health care law, the White House said late Thursday.

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. POLITICO reported the development earlier Thursday, citing several sources.

Story Continued Below

The decision, leaked only a few hours after Trump signed an executive order calling for new regulations to encourage the rise of a raft of cheap, loosely regulated health plans, delivers a double blow to Obamacare after months of failed GOP efforts to repeal the law. With open enrollment for the 2018 plan year set to launch in two weeks, the moves seem aimed at dismantling the law…

click here to read more

Tags:

Share this post

Post Comment