Trump to stop paying Healthcare Insurance Subsidies….

Frustrated by not having Congress be able to Repeal the Affordable Healthcare program also known as Obamacare…..

Donald Trump is going at the program on his own….

In actions in the last two days he is pulling away the basic of the program….The idea of healthy people helping to support lower rates for sicker people…And making healthcare insurance affordable for more Americans…His actions do NOT repeal the program…The simply take chucks of the whole thing apart…piece by piece….The process will drag on for months…

Trump’s throw down at Democrats, who  with, several Republican Senator’s have been able to stop Repeal efforts is ‘come and see me and we’ll deal’….

Insurance markets and hospital stocks are in flux right now due to Trump’s typical chaos theory of doing things in order to try to steer people to him….

He has the ability to do these things because Republicans NEVER approved writing most of the program into a law they where trying to use against Democrats….Congress COULD in fact provide the money for the payments (and other Trump actions) and put them in the current law taking the President’s control of them away…

The law has gained in  popularity  and Trump’s actions will NOT make those who have been able to gain insurance (Republican voters included) at a lower rate will probably lose it again….Trump and the Republicans are sure to mount a campaign to blame THEIR moves affects on people on the Democrats….

The 2018 Midterm elections are just a year out….

President Trump will scrap subsidies to health insurance companies that help pay out-of-pocket costs of low-income people, the White House said late Thursday. His plans were disclosed hours after the president ordered potentially sweeping changes in the nation’s insurance system, including sales of cheaper policies with fewer benefits and fewer protections for consumers.

The twin hits to the Affordable Care Act could unravel President Barack Obama’s signature domestic achievement, sending insurance premiums soaring and insurance companies fleeing from the health law’s online marketplaces. After Republicans failed to repeal the health law in Congress, Mr. Trump appears determined to dismantle it on his own.

Without the subsidies, insurance markets could quickly unravel. Insurers have said they will need much higher premiums and may pull out of the insurance exchanges created under the Affordable Care Act if the subsidies were cut off. Known as cost-sharing reduction payments, the subsidies were expected to total $9 billion in the coming year and nearly $100 billion in the coming decade.

“The government cannot lawfully make the cost-sharing reduction payments,” the White House said in a statement.

It concluded that “Congress needs to repeal and replace the disastrous Obamacare law and provide real relief to the American people.”

In a joint statement, the top Democrats in Congress, Senator Chuck Schumer of New York and Representative Nancy Pelosi of California, said Mr. Trump had “apparently decided to punish the American people for his inability to improve our health care system.”

“It is a spiteful act of vast, pointless sabotage leveled at working families and the middle class in every corner of America,” they said. “Make no mistake about it, Trump will try to blame the Affordable Care Act, but this will fall on his back and he will pay the price for it.”

Lawmakers from both parties have urged the president to continue the payments. Mr. Trump had raised the possibility of eliminating the subsidies at a White House meeting with Republican senators several months ago. At the time, one senator told him that the Republican Party would effectively “own health care” as a political issue if the president did so.

“Cutting health care subsidies will mean more uninsured in my district,” Representative Ileana Ros-Lehtinen, Republican of Florida, wrote on Twitter late Thursday. She added that Mr. Trump “promised more access, affordable coverage. This does opposite.”

But Speaker Paul D. Ryan, Republican of Wisconsin, praised Mr. Trump’s decision and said the Obama administration had usurped the authority of Congress by paying the subsidies. “Under our Constitution,” Mr. Ryan said, “the power of the purse belongs to Congress, not the executive branch.”……

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Update…

State Attorneys General Announce Lawsuit Against Trump’s O’care Blow

Democratic attorneys general from a handful of states announced Friday their plans to file a lawsuit against President Trump’s efforts to end Obamacare subsidies to insurers.

“We’re going to do everything we can to make sure that those payments can continue to go forward,” California Attorney General Xavier Becerra (D) said in a conference call the attorneys general held with reporters….

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2 thoughts on “Trump to stop paying Healthcare Insurance Subsidies….”

  1. Caution…

    Insurance companies STILL HAVE TO offer the cheap policies….

    So they would have to raise fee’s or eat the less money….The latter isn’t gonna be the norm…

    The number of people involved are small in relation to Medicaid numbers….

    And?

    Yes…This WILL HURT Republicans and give Democrats talking points…..

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