WAIT!!! POTUS Donnie and GOP’er Congress were in a great rush to kill off Obamacare that now they are asking for a delay because they hadn’t figured out one major obstacle; how to pay for the insurer subsidies locked into Obamacare – PB/TK
Trump administration asks for time to weigh Obamacare subsidies –
The Trump administration and U.S. House of Representatives Republicans on Monday told a federal court they have not yet decided on how to proceed in a major case that could end cost-sharing subsidies paid to insurers that are vital to the functioning of the Obamacare healthcare law.
In a joint filing submitted to the U.S. Court of Appeals for the District of Columbia Circuit, the administration and Republican lawmakers who had previously challenged the payments asked for more time to consider their options.
The case, which dates back to the Obama administration, was filed by the Republican-led House against the federal government in an effort to cut off subsidy payments for the individual plans created by the Affordable Care Act, also known as Obamacare.
Insurers and medical groups have been pressing the administration for months to continue funding the payments, which amount to about $7 billion this year and help low-income consumers pay for out-of-pocket medical costs. Insurers say the uncertainty about the payments may cause them to raise rates or leave the individual marketplace.
Several insurers, including Aetna Inc and Humana Inc, have already exited the Obamacare marketplace for 2018, citing a pool of patients who are sicker than expected and therefore more expensive.
Continue to reuters.com article: http://www.reuters.com/article/us-usa-healthcare-lawsuit-idUSKBN18I21Q
