The Latest: Trump cuts off insurers, rattling health market
President
It's threatening to boost premiums for millions and rattle insurance markets. It also could shove
Trump is halting subsidies to companies for lowering costs for low- and middle-income earners — reductions insurers are legally required to make.
Defiant
Nearly 20 states have filed a lawsuit against President
Attorneys general from
Trump said Thursday he would end the cost-sharing subsidies.
The attorneys general say Trump is not following federal law in ending a legally mandated system that already is operating.
Six physician groups are condemning a Trump administration decision to halt payments to insurers under the Obama-era health care law.
Their statement Friday calls on
The groups represent more than 560,000
The statement follows an announcement late Thursday. The
At least a dozen states plan to sue President
Attorneys general from
Trump said Thursday he would end the cost-sharing subsidies.
The attorneys general say Trump is not following federal law in ending a legally mandated system that already is operating.
President
Trump said as he left the
He says: "That money is a subsidy for insurance companies" and that he doesn't "want to make the insurance companies rich."
Trump is calling on
He says: "What it's going to do is there's going to be time to negotiate health care that's going to be good for everybody."
Senate Minority leader
The
Schumer says blocking those subsidies will cause higher premiums and prompt some insurers to stop selling policies. He says people "know full well which party is doing it."
Schumer says Trump has "a decreased level of trust" with voters and congressional
The Democratic leader says there'll be a good chance to restore the money in a bipartisan end-of-year spending bill
The health insurance industry says the billions of dollars in "Obamacare" subsidies that President
"This action will make it harder for patients to access the care they need," said the statement. "Costs will go up and choices will be restricted."
The industry has been urging
A coalition of state attorneys general is planning to file suit Friday to try to block President
The office of
The state officials will also argue that the Trump administration violated the
The Trump administration announced late Thursday night it's stopping subsidies for copays and deductibles. The president took to Twitter before dawn Friday to say the Obama health law is imploding and
Attorney General
Sessions says on "Fox and Friends" that the
The subsidies help lower copays and deductibles for people with modest incomes.
The
Sessions says courts have found "the appropriation must come from
President
Trump tweeted Friday that "piece by piece" his administration will begin the process of "giving America the great HealthCare it deserves!"
The
The subsidies help lower copays and deductibles for people with modest incomes. Stopping the payments would trigger a spike in premiums for next year unless Trump reverses course or
President
In a pre-dawn post on his Twitter account Friday, the president reiterated his oft-stated argument that "Obamacare is imploding."
Addressing
Since his presidential campaign and nearly nine months in office, Trump has persistently called for getting rid of the 2010 Obama law. His fellow
In a brash move likely to roil insurance markets, President
In a separate statement, the
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