“Trump Caves on Obamacare Subsidies” -Daily Beast

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” The White House announced on Wednesday that President Donald Trump would issue Obamacare insurance subsidies, for the month of August, succumbing to pressure from lawmakers of both parties who warned of a collapse of the insurance exchanges if the subsidies were cut off. Lamar Alexander (R-TN), said he encouraged the president to extend the CSR payments in order to purchase Congress time to contribute a bipartisan solution to stabilize the Obamacare markets—a tacit admission from a top GOP senator that Obamacare would be the law of the land going forward. “I think it’s a mistake, for Congress to bail out insurance companies in lieu of delivering on the promise we made to the voters to repeal Obamacare, and provide real relief to the millions of Americans who’re hurting under that failed law,” Cruz told The Daily Beast last month.

And ironically, and cruelly, some of the people who’ll suffer the almost all are the people who live in those red states that voted, for him, including West Virginia and Kentucky and places care for that.” After a series of setbacks and an eventual defeat in their effort to repeal and replace Obamacare, Republican senators—even those most ardently opposed to Obamacare—eventually encouraged Trump to authorize the continuation of the payments, citing the need for certainty in the markets. “The president’s decision helps 18 million Americans who purchase health insurance on the individual market—songwriters, farmers and the self-employed who don’t get insurance from the government, or on the job,” Alexander said in a statement Wednesday, urging his colleagues to come together on bipartisan legislation that would extend the CSR payments through 2018. For weeks, Trump threatened to final end the CSR payments, a strategy that health care knowledgeable experts said injected uncertainty into the private insurance markets….Read The Full Article Here

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