Obamacare bombshell: Trump kills key payments to health insurers
Obamacare bombshell: Trump kills key payments to health insurers
The payments reimburse insurers for discounts in health costs offered to low- and middle-income Obamacare customers.
Insurers were projected to receive $10 billion in subsidies in 2018.
Some premiums for 2018 are already higher because insurers feared the Trump administration would end the payments.
Dan Mangan | @_DanMangan Published 8 Hours Ago Updated 32 Mins Ago
The Trump administration will immediately stop making critically important payments to insurers who sell Obamacare health plans, a bombshell move that is expected to spike premium prices and potentially lead many insurers to exit the marketplace.
The decision to end the billions of dollars worth of so-called cost-sharing reduction (CSR) payments came after months of threats by President Donald Trump to do just that. The news came only hours after Trump signed an executive order that Obamacare advocates said could badly harm the individual insurance marketplaces.
Advocates, along with insurers, health-care provider groups, patient groups and officials in many states, have expressed concerns for months that the cost-sharing reimbursements would be cut off by Trump.
https://www.cnbc.com/2017/10/12/obamacare-bombshell-trump-kills-key-payments-to-health-insurers.html
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