Report: Trump plans to cut ObamaCare subsidy payments to insurers

President Trump is expected to announce on Friday that he will cut subsidy payments to insurers who rely on funding to reduce out-of-pocket costs for low-income ObamaCare customers, two people with knowledge of the matter told Politico.

The subsidies are estimated to cost $7 billion this year, and under the law, insurers still must provide cheaper rates to members, even if they no longer receive federal funding. Because Congress has not appropriated funding for the subsidies, they may stop...

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