Thursday, October 12, 2017

Breaking News: Trump to cut off key ObamaCare payments

 
 
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Trump to cut off key ObamaCare payments
President Trump plans to cut off key payments to insurers selling ObamaCare coverage, the White House announced late Thursday.

The action represents Trump's most aggressive move yet to dismantle ObamaCare, after GOP efforts to repeal and replace the health-care law failed this year.

Trump has repeatedly threatened to cut off the disbursements to insurers, known as cost sharing reduction (CSR) payments, which are worth an estimated $7 billion this year. The White House said Thursday night that the administration "cannot lawfully" make the payments.
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