On Thursday night, the Trump White House announced it is ending critical subsidies to insurers.
The move was a huge blow to the Obamacare law.
Trump administration to end cost-sharing reduction payments to insurance companies under Obamacare. http://pic.twitter.com/b8QaDkV4QV
— Josh Caplan (@joshdcaplan) October 13, 2017
The move will put pressure on Democrats to negotiate a “fix” to the “imploding” health care law.
In 2013 after Democrats passed the law it was discovered that the Democrats (with no Republican votes) stuffed the law with a provision that reimbursed insurance companies up to 80% of their losses due to Obamacare.
Trump ended that on Friday.
On Saturday Trump spiked the ball with an end zone dance.
BOOM!Health Insurance stocks, which have gone through the roof during the ObamaCare years, plunged yesterday after I ended their Dems windfall!
— Donald J. Trump (@realDonaldTrump) October 14, 2017
POTUS TRUMP: Health Insurance stocks, which have gone through the roof during the ObamaCare years, plunged yesterday after I ended their Dems windfall!
Very proud of my Executive Order which will allow greatly expanded access and far lower costs for HealthCare. Millions of people benefit!
— Donald J. Trump (@realDonaldTrump) October 14, 2017
POTUS TRUMP: Very proud of my Executive Order which will allow greatly expanded access and far lower costs for HealthCare. Millions of people benefit!
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