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Trump to Scrap Critical Health Care Subsidies, Hitting Obamacare Again

Trump to Scrap Critical Health Care Subsidies, Hitting Obamacare Again | 12 Oct 2017 | President Trump will scrap subsidies to health insurance companies that help pay out-of-pocket costs of low-income people, the White House said late Thursday. His plans were disclosed hours after the president ordered potentially sweeping changes in the nation’s insurance system, including sales of cheaper policies with fewer benefits and fewer protections for consumers. The twin hits to the Affordable Care Act -- on successive days -- could unravel President Barack Obama's signature domestic achievement, sending insurance premiums soaring and insurance companies fleeing from the health law's online marketplaces. After Republicans failed to repeal the health law in Congress, Mr. Trump appears determined to dismantle it on his own.