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Thursday, 12 October 2017 23:34

The End: Trump admin ending Obamacare cost-sharing subsidies

Written by  CBS News

The Trump administration will end key cost-sharing subsidies under the Affordable Care Act, as President Trump looks for ways to dismantle his predecessor's signature law without the help of Congress.

The White House announced the major change to the health care market late Thursday night in a statement. The cost-sharing reduction payments, paid to insurers, were a component of Obamacare that made health insurance more affordable for qualified individuals and families. Ending the subsidy payments poses a major threat to the ACA -- it's likely to cause premiums to skyrocket for patients who purchase insurance on the exchanges. The payments amounted to an estimated $7 billion in 2017, according to the Congressional Budget Office.

"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," the White House statement said. "In light of this analysis, the government cannot lawfully make the cost-sharing reduction payments."

"The United States House of Representatives sued the previous administration in federal court for making these payments without such an appropriation, and the court agreed that the payments were not lawful.

Read more at CBS News
Last modified on Thursday, 12 October 2017 23:54

User comments


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You mean no more Robbing SSI to pay for Odummy Care????? OH THE HORROR OF IT!!!! HA HA HA!!! If you can't get the swamp to work with you then GO AROUND IT!!!!

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(Updated: October 13, 2017)

Bravo, Despicable Donald! Once again, this despicable human being is taking a step to truly help the American people, by ending an illegal action which was undertaken by His Imperial Highness, King Barack the First. This just proves that even the most vile of people can do good things. Well, except it's difficult to find good things which the worst President in American history did.

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I think the proper term is: Redistribution of wealth subsidies.

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AMEN !!!!!!!!!!!✝️✝️✝️.

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Trump may be playing to his base but I would bet it comes back to bite the party in the end, and it will not be pretty, about 2 million loosing health insurance at a conservative estimate, that is a lot of votes.

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Marlene Hessler Written by Marlene Hessler
October 13, 2017
2 million votes out of about 200,000,000 population is about 1%. Virtually all of those 2 million are in innercity populations that already vote gimme, so it won't make an iota of difference in election.

And, it's about time LEGAL mattered.

$7 billion saved and more of the people declining insurance will sign on to the reduced rates that competition will bring into the picture.

Congress failed and it needs to step up and ditch 0vomitcare.

Hurray for Trump doing what he's obligated to do by law.
In reply to an earlier comment

Robert Webster Written by Robert Webster
October 13, 2017
It is not the amount who want Obama Care to stay, now when 65% of want Obama Care, or something similar. It is a butt biter to do anything with Obama Care without replacing it with something similar or better. It is amazing we are supposed to be the mightest, best country in the world and rate so low in the world in Health Care, We were #39 and Obama Care brought the US up to #37 in health care compared to they rest of the world.
now this is by the World Health Organization the most trusted in the world. If people have health care then they have no idea what it is like to not be able to afford health care, some just assume that it is easy to obtain, when in fact even those that have health care sometimes it is monumental expense, A friend of ours her husband is Border Patrol and he has government insurance, he came down with some disease which causes his body to retain fluid and has to get it drained regurally, now just their copay has caused them to remortgage their home and they are over $80,000 in debt again. If we had univversal healthcare like all of Europe has they would not be in any debt because the insurance would pay everything.
Some only look at one side of the coin never knowing what is on the other side.
Jackson Brannon Written by Jackson Brannon
October 14, 2017
Another RETARD Webster POLL!!! EVERYTIME he starts quoting his fake numbers most of us know it is just another of his LIES!!! Just like his LIES about how Everyone loves the NFL and Illegals!!! Another Butt Hurt Drmonrat Libturd with the Habitual Lying disease!!!


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