Trump just made a huge move that could blow up Obamacare
|10/13/2017||Posted by BusinessMediaguide.Com under General World News||
President Donald Trump announced Thursday night that he will end the Obamacare cost-sharing reduction (CSR) payments, a move that could wreck the law’s individual insurance exchanges and send healthcare costs soaring for many Americans.
“Based on guidance from the Department of Justice, the Department of Health and Human Services has concluded that there is no appropriation for cost-sharing reduction payments to insurance companies under Obamacare,” said a statement from the White House. “In light of this analysis, the Government cannot lawfully make the cost-sharing reduction payments.”
The CSR payments help to offset the cost to insurers for offering insurance plans to read more >>>