Politics Trump to cut off key ObamaCare payments: report

05:24  13 october  2017
05:24  13 october  2017 Source:   thehill.com

Dems rip Trump's 'spiteful' decision to end key ObamaCare payments

  Dems rip Trump's 'spiteful' decision to end key ObamaCare payments Democratic leaders blasted the administration on Thursday night over President Trump's decision to end key payments to insurers offering ObamaCare coverage, calling the move "spiteful.""Sadly, instead of working to lower health costs for Americans, it seems President Trump will singlehandedly hike Americans' health premiums," Senate Minority Leader Charles Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) said in a joint statement.

President Trump will end key payments to insurers selling ObamaCare plans, the White House announced late Thursday, marking Trump 's most aggressive move yet to Cutting off the subsidies could throw the ObamaCare marketplace into chaos. 12:30 Report . Floor Action. In The Know.

President Donald Trump intends to cut off key payments to health insurers, Politico reported Thursday night, in his most aggressive move yet to scrap Obamacare . Politico said the billion in annual subsidies could end almost immediately

Trump to cut off key ObamaCare payments: report © Provided by The Hill Trump to cut off key ObamaCare payments: report President Trump plans to cut off key payments to insurers selling ObamaCare coverage, Politico reported Thursday, citing two sources familiar with the matter.

Such an action would represent Trump's most aggressive move yet to dismantle ObamaCare, after GOP efforts to repeal and replace the health-care law failed this year.

Trump has repeatedly threatened to cut off the disbursements to insurers, known as Cost Sharing Reduction (CSR) payments. They are worth an estimated $7 billion this year, Politico noted.

The report comes after Trump on Thursday signed an executive order aimed at taking action on ObamaCare on his own after Congress failed to repeal the law.

Trump said Thursday the order is "starting that process" to repeal the law. It will be the "first steps to providing millions of Americans with ObamaCare relief," Trump said.


Insurers, health groups praise bipartisan ObamaCare deal .
<p>Health groups and insurers are urging Congress to take action on it.</p>

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