BREAKING: Trump Axes Subsidies Propping up Obamacare

Late Thursday night, the Trump Administration announced that the government would no longer be making “cost-sharing reduction” (CSR) payments to insurance companies.

By Heidi Munson

Under Obamacare, the CSRs were intended to subsidize insurance premiums in order to lower costs to those purchasing the plans. Removing the $10 billion in subsidies for 2018 will cause premiums to rise by an estimated 20% according to the Congressional Budget Office.