Trumpcare plan: Kills key payments to health insurers
The news on US healthcare - The Trump administration will stop making important payments to insurers who sell Obamacare health plans
The key points:
- The payments are to 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
- Premiums for 2018 are already higher in some cases because insurers feared the Trump administration would end the payments
- The Trump administration will 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 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.