October 15, 2017, REUTERS, David Morgan- U.S. President Donald Trump will hurt low-income Americans by doing away with Obamacare subsidies and make it harder for him to engage in bipartisan talks with Democrats as Congress edges toward a possible government shutdown, lawmakers said on Sunday. The White House has announced that the Republican administration will stop paying billions of dollars to insurers to help low-income consumers meet out-of-pocket medical expenses, as part of the president’s step-by-step effort to dismantle the Affordable Care Act, Democratic former President Barack Obama’s signature healthcare law. The expected loss of cost-sharing subsidies, estimated to be worth $7 billion this year and $10 billion in 2018, has prompted worries about insurance market chaos and undermined the prices of insurer and hospital company shares.
October 15, 2017, Associated Press, Christina A. Cassidy and Meghan Hoyer- President Donald Trump’s decision to end a provision of the Affordable Care Act that was benefiting roughly 6 million Americans helps fulfill a campaign promise, but it also risks harming some of the very people who helped him win the presidency. Nearly 70 percent of those benefiting from the so-called cost-sharing subsidies live in states Trump won last November, according to an analysis by The Associated Press. The number underscores the political risk for Trump and his party, which could end up owning the blame for increased costs and chaos in the insurance marketplace.
October 14, 2017, ABC News, Ricardo Alonso-Zaldivar, Associated Press- President Donald Trump’s move to stop paying a major “Obamacare” subsidy will raise costs for many consumers who buy their own health insurance, and make an already complicated system more challenging for just about everybody. Experts say the consequences will vary depending on how much money you earn, the state you live in, and other factors.
Overall, Trump’s decision will make coverage under the Affordable Care Act less secure, because more insurers may head for the exits as their financial losses mount. All of this is happening with the Nov. 1 start of sign-up season a couple of weeks away. Here are some questions and answers as state regulators, insurance executives, consumer groups and number crunchers try to analyze the potential impacts.
October 14, 2017, The Hill, Nathaniel Weixel- The Trump administration’s decision to end payments to insurers meant to help low-income people afford their insurance has set off a battle in the courts and new fears about the possible collapse of former President Obama’s health-care law. Ending the payments is the most dramatic step taken to date by President Trump, who has been frustrated with the GOP Congress’s inability to repeal the law.Trump has talked about allowing ObamaCare to implode, and his critics believe he is pushing that along with his actions. Here’s what ending the payments will mean, both for the law itself and for the people who use it to purchase health insurance.
October 14, 2017, The New York Times, Haeyoun Park- President Trump continues to scale back the Affordable Care Act, dealing twin blows to the law this week. But you can still sign up for coverage for 2018 because the Affordable Care Act is still the law of the land. Here’s some guidance.
October 13, 2017, Politico, Jennifer Haberkorn and Adam Cancryn- Congressional Republicans were caught off guard by the Trump administration’s decision Thursday to pull $7 billion in Obamacare funding next week, leaving them scrambling over whether or how to replace the critical subsidy funds. President Donald Trump had been threatening for months to cut off the funds, which insurers use to help low-income people pay their deductibles and co-pays, but Congress had a scant warning when he finally stopped them, effective immediately, less than three weeks before the Nov. 1 start of the next open enrollment season. A bipartisan attempt by Sens. Lamar Alexander (R-Tenn.) and Patty Murray (D-Wash.) to stabilize Obamacare, which would fund the subsidies for up to two years, has already encountered scepticism from GOP conservatives and growing opposition from the White House. The two lawmakers plan to keep talking - but it’s a tough