White House Says It Will End Key Obamacare Subsidies to Insurers

Politico earlier reported that Trump was planning on ending the key Obamacare subsidy.

House Speaker Paul Ryan, R-Wis., said the White House announcement Thursday night “preserves a monumental affirmation of Congress’s authority and the separation of powers.”

 

“Obamacare has proven itself to be a fatally flawed law, and the House will continue to work with Trump administration to provide the American people a better system,” he said in a statement late Thursday.

 

But Senate Democratic leader Chuck Schumer of New York and House Democratic leader Nancy Pelosi of California said in a joint statement that it would be “a spiteful act of vast, pointless sabotage leveled at working families and the middle class in every corner of America.”

 

“President Trump has apparently decided to punish the American people for his inability to improve our health care system,” they said.

“Trumpcare collapsed because Americans overwhelmingly recognized the cruelty and higher costs it meant for them and their loved ones,” Schumer and Pelosi said. “Now, millions of hard-working American families will suffer just because President Trump wants them to.”

 

Open enrollment in Affordable Care Act plans for 2018 begins on Nov. 1.

In August, the CBO reported (PDF) that ending the payments would raise the number of uninsured Americans by about 1 million in 2018 but would then start lowering the number of uninsured by about 1 million a year starting in 2020.

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