Trump will scrap critical Obamacare subsidy

I’m going to bed. I’m sure there will be some insane tweeting tomorrow at who knows what.

President Donald Trump will cut off subsidy payments to insurers selling Obamacare coverage in its most aggressive move yet to undermine the health law, the White House announced Thursday night.

“Based on guidance from the Department of Justice, the Department of Health and Human Services has concluded that there is no appropriation for cost-sharing reduction payments to insurance companies under Obamacare,” Press Secretary Sarah Huckabee Sanders said in a statement emailed at 10:47 p.m. Thursday.
“In light of this analysis, the Government cannot lawfully make the cost-sharing reduction payments. …The bailout of insurance companies through these unlawful payments is yet another example of how the previous administration abused taxpayer dollars and skirted the law to prop up a broken system.”

The subsidies, worth an estimated $7 billion this year and paid out in monthly installments, may stop almost immediately.

  • Lurker111

    I really hope the goddamned Republicans suffer for this, that their supporters are really not so slime-mold stupid as to not see what’s going on. At least, a few percent of them.

  • Mike

    If he can’t get the votes to kill O-care he’ll just make it such a bad deal for insurers that it collapses. A real shitty way to pass the burden and blame off to someone else, but look who we’re dealing with.

    • flychinook

      Even worse, he’ll use this as “proof” of his earlier claims that Obamacare would collapse. “See? I told you so!”