U.S. News

Trump may halt insurer payments to wrestle Democrats into reforming healthcare

(CitizensOutpost) As previously reported, evidence had mounted that the Obama administration had misappropriated funds from Fannie Mae and Freddie Mac dividends to Obamacare.  Reuters is now reporting how Trump is using this discovery to leverage Democrats to work with the Republican majority to push healthcare reform through congress:

U.S. President Donald Trump told The Wall Street Journal on Wednesday that he might consider withholding billions of dollars of Obamacare payments to health insurers to force Democrats back to the negotiating table on healthcare.

Insurers and major medical groups have warned that not funding the payments, called cost-sharing reduction subsidies, which help cover out-of-pocket medical expenses for low-income Americans, could wreak havoc in the individual insurance markets. Trump told The Wall Street Journal that by withholding the payments, Democrats will call him to negotiate.

Major medical and insurance groups penned a letter to Trump on Wednesday urging him to maintain funding for the subsidies, which amount to about $7 billion a year and are paid directly to insurers. They help cover premiums, deductibles and other medical expenses for about 7 million people who purchase health insurance on the individual health insurance market.

Source: Trump may halt insurer payments to force Democrats to table on healthcare | Reuters

Photo: REUTERS/Jonathan Ernst