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Trump reneges on Obamacare payments, portending turmoil for consumers and taxpayers

L.A. Times Friday, 13 October 2017 ()
President Trump late Thursday pulled the trigger on one of his long-standing threats against the Affordable Care Act, announcing that he would immediately end federal payments to insurers to cover deductibles and co-pays for low-income Americans.

Trump had been openly musing about reneging on the...
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Source: Wochit Headline News - < > Embed

News video: Trump Gives Reason for Ending Obamacare Payments

Trump Gives Reason for Ending Obamacare Payments 00:54

On Monday, Donald Trump says he cut off key payments for Obamacare due to insurers raking in cash from them to pad their massive bottom-line expansion. However, analysts say the cost-sharing reduction payments were not a "bail out" for insurers and that insurance companies weren't really making a...

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