And those 2018 rate increases have figured in Republicans’ inability to repeal and replace the ACA. “Let Obamacare fail,” Trump said Tuesday during a White House lunch with service members. For now, the presumed Trump White House plan to allow Obamacare to “fail” is for Republicans not to support cost-sharing subsidies low-income Americans use to pay copayments or deductibles. Insurers have already planned for this and have submitted rate increases to reflect those costs. “Congress must authorize and provide funding for cost-sharing reductions, which amounts to about $7 billion annually.”

Source: Forbes July 19, 2017 12:03 UTC