Report: Higher premiums if Trump halts 'Obamacare' subsidies - News Summed Up

Report: Higher premiums if Trump halts 'Obamacare' subsidies


That head-scratching outcome is because a different Affordable Care Act subsidy would automatically increase as premiums jump, more than wiping out any savings. — Some insurers would decide to exit the market rather than re-jigger premiums for 2018 at the last minute. "Regardless of what this flawed report says, Obamacare will continue to fail with or without a federal bailout," White House spokesman Ninio Fetalvo said in a statement. After the GOP drive to repeal "Obamacare" collapsed, the president tweeted: "As I said from the beginning, let ObamaCare implode, then deal. The subsidies are snared in a legal dispute over whether the Obama health care law properly approved the payments to insurers.


Source: ABC News August 15, 2017 20:40 UTC



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