Ways President Trump's Decision to Stop Health Care Subsidies Could Impact You

Pauline Gross
October 18, 2017

If you get your health insurance through your state's marketplace, make sure you do not forget to sign up again this year. This would be particularly true if they select an insurer who raised rates across all their plans. This is a greater threat to Obamacare's long-term health since it could siphon off young and healthy consumers from the Obamacare exchanges, leaving mainly older and sicker workers behind, Levitt said.

Congressional Republicans sued the Obama administration over the subsidies, accusing it of executive overreach.

Democrats, and even some Republicans have blasted the move, and attorneys general from almost 20 states have filed a lawsuit challenging the decision.

These payments are made by the federal government on a monthly basis to health insurance companies to help reduce deductibles, co-payments and other out-of-pocket costs for lower-income Americans who make below 250 percent of the federal poverty level.

Insurers that assumed the cost-sharing subsidy payments would be discontinued requested an additional 2% to 23%, according to a Kaiser Family Foundation analysis published in August.

Combined, the association health care plans and the renunciation of cost-sharing payments underscore Mr. Trump's frustration with Congress, which has failed to confront all the problems that have arisen with Obamacare over the years.

Why is the administration cutting them off?

Of course he's not going to mention the fact that he is the one who has actively sabotaged it, but voters probably won't even care. According to estimates, they cost the government $7 billion in fiscal 2017, which ended September 30 and $10 billion in the current fiscal year.

It has become fashionable since President Trump was elected for liberals and major media types to lament the lawless expansion of executive powers, to champion constitutional restraints, and to worry about populism.

The CBO pointed out that low-income policyholders will qualify for assistance to help them pay the higher premiums insurance companies will charge if they lose their Obamacare subsidies.

Trump said he won't end the subsidies if the Senate finds a way to end Obamacare.

FBR Capital Downgrades Rating On Time Warner Inc. New (TWX) To "Neutral"
Finally, FMR LLC lifted its stake in Time Warner by 0.6% during the 1st quarter. 36 funds opened positions while 61 raised stakes. The media conglomerate reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.14.

Justice Department Indicts 2 Chinese Nationals In Synthetic Opioid Case
Yan, 40, was identified during a traffic stop in MS in 2013, which unearthed a domestic drug ring. The United States does not have an extradition agreement with China.

Syria's Raqqa fully liberated from Islamic State by Kurdish-led SDF
Raqqa's stadium also served as an arms depot and one of the Islamic State militants' largest jails in their self-styled caliphate. The SDF took the National Hospital after fierce fighting overnight and early on Tuesday, said spokesman Mostafa Bali.

Whatever Congress does, it must start with the principle that the Constitution trumps the whims of whoever happens to be president on a given day.

A Republican-appointed federal judge in the District of Columbia ruled against Mr. Obama, and the case now sits with an appeals court - though the lower-court judge allowed the payments to be made while the appeal is continuing. "This isn't about policy or politics; it's about the American people", House Minority Leader Nancy Pelosi, California Democrat, told ABC's "This Week". When the premiums go up, they believe, it's Mr. Trump who will take the fall.

"Unable to move the repeal of the Affordable Care Act in Congress, President Trump is now attempting to administratively dismantle the ACA bit by bit". Wasn't he supposed to be the president who puts America first?

Nineteen state attorneys general filed a lawsuit Friday challenging the decision. On Sunday, Susan Collins of ME was interviewed on CNN.

Mrs. Pelosi said, "He wants to negotiate the health care bill by repealing the Affordable Care Act and building a wall? No".

"This is not a bailout of the insurers", she said.

The bright spot: Whatever changes the agencies make will likely take months to implement, meaning they probably won't go into effect until 2019.

With the OIRs approval, we chose to increase the rate of our highly subsidized silver plans.

If Congress doesn't offer a legislative fix soon, the issue could become a sticking point in spending negotiations ahead of a December 8 deadline to fund the government.

Democrats could use the payments as a bargaining chip ahead of a government-funding deadline in December. Then, too, the president had threatened to cut off the payments. GOP lawmakers argued the payments were illegal because Congress never appropriated the money.

Other reports by GizPress

Discuss This Article