President Trump to halt Obamacare subsidies to health insurers

President Trump to halt Obamacare subsidies to health insurers”

President Donald Trump has dropped a bomb on the Affordable Care Act. Two people familiar with the decision described the plan late Thursday night, seeking anonymity because they were not authorized to speak publicly. "Their contracts allow them an out if subsidy policy changes".

Democratic leaders are unhappy with the Trump administration's continued efforts to chip away at the Affordable Care Act. Among the likely consequences: a spike in premiums for next year. "It is a spiteful act of vast, pointless sabotage leveled at working families and the middle class in every corner of America", said House and Senate Democratic leaders Nancy Pelosi of California and Chuck Schumer of NY.

"The Affordable Care Act is not imploding", Collinsgru said.

The order directs the federal government to consider ways for more people to buy health insurance plans that are exempt from numerous ACA protections - such as the requirement that health plans cover "essential health benefits", including maternity and mental health care, and the prohibition against charging people different premiums based on their health status. Frustrated over setbacks in Congress, Trump is wielding his executive powers to bring the "repeal and replace" debate to a head.

"Republicans have been doing everything they can for the last 10 months to inject instability into our health care system and to force collapse through sabotage", he said in a statement. His new executive order ends critical payments to health insurers that help millions of lower-income Americans afford coverage. That would deliver another blow to markets around the country already fragile from insurers exiting and costs rising. Leading GOP lawmakers have also called for continuing the payments to insurers, at least temporarily, so constituents maintain access to health insurance.

Trump Friday urged Democrats to work with him to "make a deal" on health care. "Massive subsidy payments to their pet insurance companies has stopped". Assistance is available to consumers buying individual policies; people with employer coverage are unaffected by the dispute.

While she earns too much to benefit from the cost-sharing subsidy, she is anxious that monthly premiums will rise so high in the future that it will make insurance unaffordable. The annual cost to the government is now about $7 billion.

He expects the legislation will be unveiled this week, adding that it would also include additional health care reforms meant to bring down costs and give states added flexibility to allow insurers to sell less-expensive plans that don't meet all of the ACA's minimum requirements. "The Affordable Care Act is being dismantled from within by Trump".

The subsidies are paid to insurers by the federal government to help lower consumers' deductibles and co-pays. Insurers could also sue the government, and most experts think they would eventually win. But there's disagreement over whether the law properly provided a congressional "appropriation", similar to an instruction to pay. Patty Murray, D-Wash., have been trying to reach such a deal, which would ensure continuation of the so-called cost-sharing reduction payments. A district court judge agreed with House Republicans, and the case has been on hold before the US appeals court in Washington. "Obamacare has proven itself to be a fatally flawed law, and the House will continue to work with Trump administration to provide the American people a better system", Ryan said in his statement. The round of payments would be due around October 20. The poll was conducted before Trump made his announcement about the subsidies. While the legal issue seems arcane, the impact on consumers would be real. They cost the federal government about $7 billion now, but the expense was expected to more than double within a decade. They could raise premiums (and many are raising them already). Consumers who receive tax credits under the ACA to pay their premiums would be shielded from those premium increases.

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