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Trump Cuts Off Billions Of Dollars In Cost-Sharing Payments To Insurers, Putting Obamacare Marketplaces At Risk

Trump Cuts Off Billions Of Dollars In Cost-Sharing Payments To Insurers, Putting Obamacare Marketplaces At Risk

7 years ago
Anonymous $uquhsGEL_U

https://consumerist.com/2017/10/12/trump-cuts-off-billions-of-dollars-in-cost-sharing-payments-to-insurers-putting-obamacare-marketplaces-at-risk/

Only hours after signing an executive order that undermines several key aspects of the current health care law, President Trump has made good on his repeated threat to pull the plug on billions of dollars in subsidies provided by the federal government to insurers in the individual plan market.

The Affordable Care Act provides for the federal government to make significant monthly payments to insurers who participate in the individual health insurance exchanges. These subsidies — which will total around $7 billion this year — are intended to keep out-of-pocket expenses, like co-pays and deductibles, low, particularly for Americans making between 100% and 250% of the federal poverty line.