Saturday, October 14, 2017

BOOM! Trump Axes Subsidies Propping up Obamacare

Late Thursday night, the Trump Administration announced that the government would no longer be making “cost-sharing reduction” (CSR) payments to insurance companies. Under Obamacare, the CSRs were intended to subsidize insurance premiums in order to lower costs to those purchasing the plans. Removing the $10 billion in subsidies for 2018 will cause premiums to rise by an estimated 20% according to the Congressional Budget Office.
White House Press Secretary Sarah Sanders released a written statement Thursday night which said:
“Based on guidance from the Department of Justice, the Department of Health and Human Services has concluded that there is no appropriation for cost-sharing reduction payments to insurance companies under Obamacare.”
“In light of this analysis, the Government cannot lawfully make the cost-sharing reduction payments. The United States House of Representatives sued the previous administration in Federal court for making these payments without such an appropriation, and the court agreed that the payments were not lawful.”
Read the rest of the story HERE and follow links to related stories/opinions below:

Trump Was Right to End Unconstitutional Obamacare Subsidies

Trump strikes a blow for health-care freedom

It’s About Time Trump Ended Obamacare’s Illegal Insurance Company Subsidies

Trump’s Sensible Health-Care Actions

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