(Worthy News) - President Trump intends to end insurance subsidies under Obamacare, a move that would likely result in lawsuits and put pressure on Congress to act.
According to a statement Thursday evening from the White House press secretary, Sarah Sanders, the Trump administration is making the move based on guidance from the Department of Justice and the Department of Health and Human Services, which have concluded that there is no appropriation for cost-sharing reduction payments to insurance companies under Obamacare.
"In light of this analysis, the government cannot lawfully make the cost-sharing reduction payments," Sanders said in a statement.
Trump has been authorizing the funds, known as cost-sharing reduction subsidies, every month, and the statement did not say whether they would end beginning in November or beginning in 2018. The president has said for months that he was considering the move in order to bring about a deal on healthcare, and the decision comes only hours after he signed an executive order on Obamacare that critics said would damage the Obamacare exchanges. [ Source: Washington Examiner (Read More...) ]