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Mass. insurers brace for Trump to cut off subsidies

bizjournals Donald TrumpDonald Trump
Friday, 13 October 2017 ()

President Donald Trump said late Thursday he plans to cut off billions of dollars in federal subsidies to insurers, a move that will cut $146 million from Massachusetts in 2018 alone and throws a new wrench into how the state is planning to operate the insurance market next year. According to a statement from the White House late Thursday evening, Trump plans to end the subsidy payments, known as cost sharing reduction payments, a move he has threatened for months. A statement issued by the U.S.…
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News video: Trump halts key Obamacare subsidies to insurers

Trump halts key Obamacare subsidies to insurers 00:38

President Trump has now made his mark on healthcare in America after the White House announced it would be ending key Obamacare subsidies to insurers. Trump then criticized Obamacare again, a measure he's tried repeatedly to repeal. The Congressional Budget Office said that premiums would spike in...

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