Trump to halt subsidies to health insurers

WASHINGTON (AP) — In a brash move likely to roil insurance markets, President Donald Trump plans to halt payments to insurers under the Obama-era health care law he has been trying to unravel for months.

Two people familiar with the decision described the plan late Thursday night, seeking anonymity because they were not authorized to speak publicly.

The White House said in a statement that the government cannot legally continue to pay the so-called cost-sharing subsidies because they lack a formal authorization by Congress. However, the administration had been making the payments from month to month, even as Trump threated to cut them off to force Democrats to negotiate over health care....

10 Published By - Houston Chronicle - Technology and Science - 2017.10.13. 05:46
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