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With Move Tonight, Trump To Destroy Obamacare

President Donald Trump will cut all funding for a key critical subsidy to insurers so that lower-income Americans can purchase health insurance according to Politico. (photo credit: Youtube)

President Donald Trump will cut all funding for a key critical subsidy to insurers so that lower-income Americans can purchase health insurance according to Politico.

President Donald Trump plans to cut off critical subsidy payments to insurers selling Obamacare coverage, according to two people familiar with the matter. The decision to end the payments, worth an estimated $7 billion this year, marks Trump's most aggressive move yet to dismantle Obamacare after months of failed GOP repeal efforts on Capitol Hill. The move is likely to draw lawsuits and may put pressure on Congress to appropriate funding for the subsidies, which help insurers reduce out-of-pocket costs for low-income Obamacare customers.

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