A Stunning Blow to Obamacare

The Trump administration will end subsidies to insurers selling plans on the Obamacare marketplaces to help cover out-of-pocket costs for low-income customers.

The payments, so-called “cost sharing reduction subsidies,” total $7 billion. Their loss could further destabilize the individual insurance market, which was already set on edge by an executive order Trump issued earlier on Thursday encouraging federal agencies to loosen Obamacare insurance regulations. That order could give rise...

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