BREAKING: Trump Ends Health Care Subsidies For Poor People
In another move against the poor and the sick, the Trump administration said Thursday that it would end the Affordable Care Act’s cost-sharing reduction payments designed to help low-income Americans get health care.
Not paying the subsidies, health care experts have warned, could send the health insurance exchanges into turmoil.
The decision ends speculation about whether the Trump administration would continue making the monthly payments to insurers. That money particularly helps people earning between 100 percent and 250 percent of the poverty level pay for the insurance and health care they get through the exchanges set up by the Affordable Care Act, also known as Obamacare.
Ending the payments could cause premiums to spike, push insurers out of the marketplace, and even cost the government $2.3 billion more in 2018 than it would otherwise spend, according to one analysis.
The news was not received well by Democratic leaders on Capitol Hill. In a joint statement, House Minority Leader Nancy Pelosi, D-Calif., and Senate Minority Leader Sen. Chuck Schumer, D-N.Y., called the move “a spiteful act of vast, pointless sabotage.”
Ironically, while sabotaging Obamacare could please Trump base, it also makes health care more expensive (or even unavailable) for many Americans — many who are located in states that Trump won.