White House: Cannot Lawfully Pay Subsidies to Health Insurance Companies Under Obamacare
The White House says it cannot lawfully pay subsidies to health insurance companies under Obamacare.
The decision would end payments to health insurers that help lower-income Americans pay for coverage; Americans who don’t qualify for Medicaid.
Democratic congressional leaders responded saying it risks the health care of millions of Americans.
The president’s order expands the ability for some employers to buy cheaper coverage, by going across state lines.
President Trump claims it will lower premiums.
And says he was forced to sign the order because congress couldn’t repeal and replace Obamacare.
Senator Rand Paul says he supports it because it lowers premiums without adding to the deficit.
But critics say the cheaper insurance plans will leave older and sicker customers to pay more.
It will still take several months for the white house to finalize the details and implement the order.