Republicans Fear Trump's Obamacare Attacks Will Hurt The GOP

NY To Join Lawsuit Over Effort To Cut Health Provision

"We're going to court today because we need to stand up for families across this country", said Massachusetts Attorney General Maura Healey.

The cuts are not expected to have as significant an impact on insurance premium increases in NY as elsewhere in the country, but the state could be out more than $900 million in federal funds used to cover some 665,000 New Yorkers through the Essential Plan. Cost-sharing subsidies under Obamacare help lower consumer out-of-pocket health care costs.

"The Democrats ObamaCare is imploding", he wrote. As a thyroid cancer survivor battling nerve damage and other complications, Lisa was in such dire financial straits in 2014 that she and her husband let their health insurance lapse, putting them in a category with some 6 million Americans who have gone without coverage at times despite serious health problems. This is an Obamacare mess. The larger federal deficits will reflect the net effect of higher subsidy payments to qualified individuals minus the savings from discontinuing the cost-sharing payments to insurance companies.

Ending federal payments would cause premiums to rise, unless Trump changes his mind or Congress takes separate action to authorize the money.

Rates already were rising in the immediate aftermath of Trump's decision.

"In one week, the Trump Administration has re-opened the door to "junk" health insurance plans and cut off access to contraception for millions of women". Covered California added a 12.4 percent surcharge to its silver tier plans to compensate for the projected loss in federal funding. "But most people know that that's going to be a very good form of health insurance".

JOHN THUNE says @realDonaldTrump should continue #CSR payments for insurance: "I hope the president will continue to make those payments". Even without the subsidies, the insurers have to give the discounts anyway, so taking the money away will nearly certainly lead to higher premiums.

Shares of USA hospital companies and health insurers closed down on Friday after the subsidies announcement.

In some states regulators have allowed insurers to increase premiums preemptively for 2018 because of the uncertainty over what Trump would do.

President Donald Trump announced late Thursday that the White House will end the cost-sharing reductions that are paid to insurance companies under the Affordable Care Act to offset subsidies the insurers give to modest-income Americans in order to keep the policies affordable.

"It funds the cost-sharing reduction program through the congressional appropriations process and implements free-market policies to improve our health care system and lower medical and insurance costs for all", said Rep. Leonard Lance, New Jersey Republican.

Harris called the action "devastating".

SIMON: But didn't a lot of people vote for President Trump because the Affordable Care Act, in many ways, even before this election - this past election - was unaffordable for millions of Americans? They're right now having emergency meetings to get a short-term fix of health care, where premiums don't have to double and triple every year like they've been doing under Obamacare. Insurance regulators in Arkansas, another state that went for Trump, approved premium increases on Friday ranging from 14 percent to almost 25 percent for plans offered through the insurance marketplace.

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