Trump to end insurer subsidies

Trump to end insurer subsidies

President Trump intends to end insurance subsidies under Obamacare, a move that would likely result in lawsuits and put pressure on Congress to act.

Trump has been authorizing the funds, known as cost-sharing reduction subsidies, every month, but plans to end them, according to Politico.

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.

The funds were originally authorized under former President Barack Obama, resulting in a lawsuit by the House because Congress had not appropriated them.

Cutting off the subsidies would increase the number of uninsured by 2 million people in 2018 and would result in insurance costs that are 20 percent higher than already-expected increases, according to the Congressional Budget Office.

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