White House: Gov’t To Make Health Law Payments This Month
WASHINGTON (AP) – The White House says President Donald Trump will make this month’s payments to insurers under the health-care law he wants to repeal and replace.
Trump has repeatedly threatened to end the payments, which help reduce health insurance copays and deductibles. But a White House spokesman says “the August payment will be made.” The official insisted on anonymity to discuss the decision ahead of an announcement.
The Congressional Budget Office reported this week that premiums for a popular type of individual health care plan under the Affordable Care Act would rise sharply, and that more people would be left without options for coverage, if Trump kept his threat to stop the payments.
They total about $7 billion this year, and reimburse insurers for subsidizing out-of-pocket costs for people with modest incomes.