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Trump to end key ACA subsidies, a move that will threaten the laws marketplaces
WaPo ^ | 10-12-2017 | Amy Goldstein

Posted on 10/12/2017 8:05:12 PM PDT by NRx

President Trump is throwing a bomb into the insurance marketplaces created under the Affordable Care Act, choosing to end critical payments to health insurers that help millions of lower-income Americans afford coverage. The decision follows an executive order on Thursday to allow alternative health plans that skirt the law’s requirements.

The White House confirmed late Thursday that it would halt federal payments for cost-sharing reductions, although a statement did not specify when. According to two people briefed on the decision, the cutoff will be as of November. The subsidies total about $7 billion this year.

Trump has threatened for months to stop the payments, which help eligible consumers afford their deductibles and other out-of-pocket expenses, but held off while other administration officials warned him that such a move would cause an implosion of the ACA marketplaces that could be blamed on Republicans.

Health insurers and state regulators have been in a state of high anxiety over the prospect of the marketplaces cratering because of such White House action. The fifth year’s open-enrollment season for consumers to buy coverage through ACA exchanges will open in less than three weeks, and insurers have said that stopping the cost-sharing payments would be the single greatest step the Trump administration could take to harm the marketplaces — and the law.

Ending the payments is grounds for any insurer to back out of its federal contract to sell health plans for 2018.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Breaking News; Government
KEYWORDS: aca; braking; healthcare; insurance; obamacare; subsidies; trump; trump0carenightmare; trumpacasubsidies
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1 posted on 10/12/2017 8:05:12 PM PDT by NRx
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To: NRx

good if true.


2 posted on 10/12/2017 8:08:22 PM PDT by dadfly
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To: NRx

This was the ticking time bomb - Obama and the Dems promised that the exchanges would be supa profitable by now so the law only guaranteed subsidies until 2018.

Trump isn’t doing anything illegal - the government doesn’t have to buttress the insurance companies anymore and Trump won’t.


3 posted on 10/12/2017 8:09:57 PM PDT by Skywise
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To: NRx

4 posted on 10/12/2017 8:10:27 PM PDT by Bobalu (The NFL, Watching their demise is more fun than watching their games.)
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To: NRx

Sounds like the payments are unconstitutional. If they are not a part of the law but are part of executive action, then they did not originate with Congress. But maybe I am missing something. If Congress did not include the subsidies in Obamacare, then President Trump stopping the payments is not his fault but the fault of Congress for not being honest when passing the albatross.


5 posted on 10/12/2017 8:10:52 PM PDT by petitfour (APPEAL TO HEAVEN)
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To: Skywise

Ahh. Now I understand. Congress is responsible. And Obama.


6 posted on 10/12/2017 8:11:45 PM PDT by petitfour (APPEAL TO HEAVEN)
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To: NRx

When does congress lose its kickbacks?


7 posted on 10/12/2017 8:12:18 PM PDT by Sybeck1
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To: NRx

breathtaking, the stupidity is.


8 posted on 10/12/2017 8:15:26 PM PDT by SteveH
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To: NRx
Unconstitutional expenditures, unauthorized by Congress...

but that's not worth mentioning.

9 posted on 10/12/2017 8:16:58 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: NRx

Screw them!!This has been a great day for TRUMP!! AWESOME WINNER!!


10 posted on 10/12/2017 8:17:10 PM PDT by raiderboy ( "...if we have to close down our government, we’re building that wall.”)
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To: NRx
"President Trump is throwing a bomb into the insurance marketplaces created under the Affordable Care Act, choosing to end critical payments to health insurers that help millions of lower-income Americans afford coverage. The decision follows an executive order on Thursday to allow alternative health plans that skirt the law’s requirements." Once again, start with a false premise and go from there, the fake news does it again like clockwork. Nonsense.
11 posted on 10/12/2017 8:18:51 PM PDT by Fungi (90 percent of all soil biomass is a fungus. Fungi rule the world.)
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To: NRx

Leftist commie federal judge issues injunction in 5...4...3...2...


12 posted on 10/12/2017 8:20:58 PM PDT by Signalman
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To: NRx
Well, this should be interesting. Insurers may wind up cancelling everyone on Obamacare... as soon as immediately.

I guess the ball's in Congress' court now... what will the do?

13 posted on 10/12/2017 8:22:14 PM PDT by Cementjungle
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To: NRx

Everyone should have a co-pay, especially MediCaid recipients. Cuts down on gratuitous “over-utilization”.

Working MediCaid patients should be required to pay some level of premium. As more private sector options become available, the MediCaid premium should go up.


14 posted on 10/12/2017 8:24:09 PM PDT by ROCKLOBSTER (RATs, RINOs...same thing)
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To: petitfour

I believe the Republicans originally sued over these payments, saying that they were unconstitutional because they didn’t originate in the house. I don’t know what happened to that lawsuit.


15 posted on 10/12/2017 8:25:54 PM PDT by CottonBall (Thank you, Julian!)
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To: raiderboy

Trump is amazing! The do-nothing worthless traitor RINOs refuse to act, so Trump does it without them.


16 posted on 10/12/2017 8:26:52 PM PDT by CottonBall (Thank you, Julian!)
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To: NRx

The stupid Democrats, who brought forth this disaster without a single Republican vote, actually believed the rosy senario spun by the lying Gruber. He promised that government subsidies wouldn’t be needed after 2017. So that’s the subsidy deadline the Democrats wrote into the ACA. Pres. Trump knew this sick puppy would die at the end of this year if the GOP didn’t rescue it. Brilliant...again.


17 posted on 10/12/2017 8:27:48 PM PDT by txrefugee
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To: NRx

“the law’s requirements”

i thought it was just and EO that BO did, not a law.


18 posted on 10/12/2017 8:27:51 PM PDT by b4me (God Bless the USA)
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To: NRx

Guess we’ll need a new medical insurance plan. Good timing.


19 posted on 10/12/2017 8:27:52 PM PDT by McGruff (Lock Her Up! In a Padded Cell!)
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To: CottonBall

I pray sparingly because God has 7.2 billion calling him but I thank God every day for PRESIDENT Donald J. Trump!!


20 posted on 10/12/2017 8:29:43 PM PDT by raiderboy ( "...if we have to close down our government, we’re building that wall.”)
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