Pine Barrens Mafia Posted October 13, 2017 Share Posted October 13, 2017 . Link to comment Share on other sites More sharing options...
ALF Posted October 13, 2017 Share Posted October 13, 2017 (edited) Trump to halt ObamaCare subsidies, legal fight likely President Donald Trump plans to halt payments to insurers under the Affordable Care Act, the 2010 health care law also known as ObamaCare. It’s the latest effort in the president’s bid to ultimately “repeal and replace” what’s considered the signature legislation of his White House predecessor. Word of Trump’s latest plan came from two people familiar with the decision, who spoke to the Associated Press. They requested anonymity because they were not authorized to speak publicly. The White House said in a statement that the Department of Health and Human Services has determined there is no appropriation for cost-sharing reduction payments to insurers under the Obamacare law. Trump's decision was expected to rattle already-unsteady insurance marketplaces. The president has previously threatened to end the payments, which help reduce health insurance copays and deductibles for people with modest incomes, but remain under a legal cloud. Trump has privately told at least one lawmaker that the payments may continue if a bipartisan deal is reached on heath care, The Wall Street Journal reported. http://www.foxnews.com/politics/2017/10/13/trump-to-halt-obamacare-subsidies-legal-fight-likely.html I do not think that would be legal, to stop payments Edited October 13, 2017 by ALF Link to comment Share on other sites More sharing options...
Doc Brown Posted October 13, 2017 Share Posted October 13, 2017 I suspect every Democrat and some Republicans are going to attack Trump claiming he's using American people as pawns. He just tweeted this. The Democrats ObamaCare is imploding. Massive subsidy payments to their pet insurance companies has stopped. Dems should call me to fix! Apparently this may just be a threat to get a bipartisan healthcare bill through (good luck with that) because Republicans couldn't get the job done the last eight or so months. Happy Friday the 13th. Link to comment Share on other sites More sharing options...
unbillievable Posted October 13, 2017 Share Posted October 13, 2017 (edited) Trump to halt ObamaCare subsidies, legal fight likely President Donald Trump plans to halt payments to insurers under the Affordable Care Act, the 2010 health care law also known as ObamaCare. It’s the latest effort in the president’s bid to ultimately “repeal and replace” what’s considered the signature legislation of his White House predecessor. Word of Trump’s latest plan came from two people familiar with the decision, who spoke to the Associated Press. They requested anonymity because they were not authorized to speak publicly. The White House said in a statement that the Department of Health and Human Services has determined there is no appropriation for cost-sharing reduction payments to insurers under the Obamacare law. Trump's decision was expected to rattle already-unsteady insurance marketplaces. The president has previously threatened to end the payments, which help reduce health insurance copays and deductibles for people with modest incomes, but remain under a legal cloud. Trump has privately told at least one lawmaker that the payments may continue if a bipartisan deal is reached on heath care, The Wall Street Journal reported. http://www.foxnews.com/politics/2017/10/13/trump-to-halt-obamacare-subsidies-legal-fight-likely.html I do not think that would be legal, to stop payments If Obama can postpone multiple parts of the ACA by executive order, what's keeping trump from postponing subsidies? They're both changing the law without Congress. Edited October 13, 2017 by unbillievable Link to comment Share on other sites More sharing options...
row_33 Posted October 13, 2017 Share Posted October 13, 2017 If Obama can postpone multiple parts of the ACA by executive order, what's keeping trump from postponing subsidies? They're both changing the law without Congress. That's the right of the POTUS. It would be better to achieve some kind of consensus through Congress but that may be impossible for anything important for next 200 years. Link to comment Share on other sites More sharing options...
Tiberius Posted October 13, 2017 Share Posted October 13, 2017 That sucks. But on the bright side, maybe he is actually starting to f things up so people see what disaster he is. This, then NAFTA, and people will feel the negative consequences of his presidency. Link to comment Share on other sites More sharing options...
row_33 Posted October 13, 2017 Share Posted October 13, 2017 government promises everyone a free new car arriving next week so you won't have to strive or work hard or think or save money or haggle over the price with a salesman you can sit on your ass and do nothing and get a free car People like Tiberius thinks this is the greatest idea ever... Link to comment Share on other sites More sharing options...
Tiberius Posted October 13, 2017 Share Posted October 13, 2017 government promises everyone a free new car arriving next week so you won't have to strive or work hard or think or save money or haggle over the price with a salesman you can sit on your ass and do nothing and get a free car People like Tiberius thinks this is the greatest idea ever... It's not a car, its health care, most Americans consider affordable health care a right. Trump owns this now! Link to comment Share on other sites More sharing options...
Joe Miner Posted October 13, 2017 Share Posted October 13, 2017 It's not a car, its health care, most Americans consider affordable health care a right. Trump owns this now! Is that because most Americans failed 9th grade civics? Link to comment Share on other sites More sharing options...
DC Tom Posted October 13, 2017 Share Posted October 13, 2017 If Obama can postpone multiple parts of the ACA by executive order, what's keeping trump from postponing subsidies? They're both changing the law without Congress. I really hope, in the inevitable court challenge, the Trump Administration uses a "This is no different that the actions of the Obama Administration" defense, and the courts say "You know what? You're right. There's existing precedent." Link to comment Share on other sites More sharing options...
Magox Posted October 13, 2017 Share Posted October 13, 2017 If this move were to stand you'd think that maybe it could save taxpayers money, right? Wrong. There may be savings on the cost shares, but carriers would have to dramatically increase rates, and when rates go higher, who do you think pays the majority of that increase? The consumer? Wrong. The taxpayer. As premiums go higher the subsidies go higher. You know who else will pay higher prices? The consumers who don't qualify for subsidies that have pre existing medical conditions that need these policies from the individual market. Except they don't have the government to help pay for the increase, they have to pay for it all themselves. Sure, if you are healthy you could get a short term plan but if you have Pre ex and you are in the middle class and you have to get insurance from the individual market, well.....Let's just say that it already was bad as it was because of the law but now it got even worse. Yet another dumb decision from the administration. So not only are real people going to have to pay higher premiums but taxpayers will pay more as well. Trump could moot this dispute at any time by refusing to make the CSR payments to the insurers. However, the CBO report predicts a number of unintended consequences if he does. It could save $118 billion in CSR payments over the next decade, but insurers – still stuck with the statutory requirement to lower out-of-pocket costs in Silver plans – would have to raise their premiums by as much as 25 percent, the CBO predicts. Enrollees only pay a set fee for insurance at all levels based on their income, benchmarked on the Silver plan, so taxpayers would end up footing the bill not just for the increased subsidies on these specific Silver plans but all plans. That would increase subsidies by $365 billion in the same time period, resulting in a net increase of deficit spending of nearly $200 billion. Strangely enough, the lowest income folks would be the most shielded from this decision, it's the middle class and the tax payers who get whacked the most. https://hotair.com/archives/2017/10/13/trump-obamacare-insurer-subsidies-guess-checked-budget-constitution/ Link to comment Share on other sites More sharing options...
B-Man Posted October 13, 2017 Share Posted October 13, 2017 Trump will end ObamaCare subsidy payments by Joe Tacopino Original Article He must have found he has a pen and a phone too Link to comment Share on other sites More sharing options...
TakeYouToTasker Posted October 13, 2017 Share Posted October 13, 2017 Trump will end ObamaCare subsidy payments by Joe Tacopino Original Article He must have found he has a pen and a phone too This is one of the problems inherent to working outside of Constitutional powers to achieve legislative goals. It is nearly impossible to conduct business, or live a full life, under an inconsistent system of pseudo-law where major parts of our economy are dictated by fiat on the whims of whomever holds the Presidency. Link to comment Share on other sites More sharing options...
ALF Posted October 13, 2017 Share Posted October 13, 2017 (edited) not sure how accurate this is AP December 15, 2016, 8:38 AM The study estimates that the cost of premium subsidies under the ACA will increase by $9.8 billion next year, rising from $32.8 billion currently to $42.6 billion. The average monthly subsidy will increase by $76, or 26 percent, from $291 currently to $367 in 2017. Currently more than eight in 10 consumers buying private health insurance through HealthCare.gov and state markets receive tax credits from the government to help pay their premiums. https://www.cbsnews.com/news/obamacare-subsidies-to-jump-10-billion-in-2017/ On the news they are reporting the subsidy is $7B being cut ? Edited October 13, 2017 by ALF Link to comment Share on other sites More sharing options...
Tiberius Posted October 13, 2017 Share Posted October 13, 2017 Is that because most Americans failed 9th grade civics? Or maybe most Americans are not far right wing ideologues In a joint statement, the top Democrats in Congress, Senator Chuck Schumer of New York and Representative Nancy Pelosi of California, said Mr. Trump had “apparently decided to punish the American people for his inability to improve our health care system.” “It is a spiteful act of vast, pointless sabotage leveled at working families and the middle class in every corner of America,” they said. “Make no mistake about it, Trump will try to blame the Affordable Care Act, but this will fall on his back and he will pay the price for it.” Link to comment Share on other sites More sharing options...
B-Man Posted October 13, 2017 Share Posted October 13, 2017 And they wonder why we call them fake news?......"The most trusted name in news..." CNN posts most BS-filled headline about Trump and healthcare YET Trump is clearly out to KILL ALL THE POOR PEOPLE. And you watch, morons will believe this crap.............(as proved above) Bonny Wright @miamivandynyu @CNN @cnnbrk You don't want to mention these subsidies to INSURANCE COMPANIES were ruled illegal by a federal judge, but the rest of us will 10:07 AM - Oct 13, 2017 When did insurance companies become the poor people?.....I thought they received the illegal treasury funds Democrats need their base to be ignorant around what Trump is actually doing, so CNN is more than happy to support their efforts in pushing this BS. Yesterday the memo was sabotage. Today it’s Trump is trying to hurt poor people. They’re so damn predictable. Link to comment Share on other sites More sharing options...
Alaska Darin Posted October 13, 2017 Author Share Posted October 13, 2017 "Corporate Welfare Must End!" Link to comment Share on other sites More sharing options...
Magox Posted October 13, 2017 Share Posted October 13, 2017 not sure how accurate this is AP December 15, 2016, 8:38 AM The study estimates that the cost of premium subsidies under the ACA will increase by $9.8 billion next year, rising from $32.8 billion currently to $42.6 billion. The average monthly subsidy will increase by $76, or 26 percent, from $291 currently to $367 in 2017. Currently more than eight in 10 consumers buying private health insurance through HealthCare.gov and state markets receive tax credits from the government to help pay their premiums. https://www.cbsnews.com/news/obamacare-subsidies-to-jump-10-billion-in-2017/ On the news they are reporting the subsidy is $7B being cut ? There is the premium subsidy that offsets the cost of the plans premium and then there is the CSR Cost Share Reduction subsidy. The CSR is what lowers the plans deductibles, MOO and doctor prescription copays on the silver tiered plans. The $7 Billion figure accounts only for the CSR not the premium subsidies which is the bulk of the subsidies Link to comment Share on other sites More sharing options...
ALF Posted October 13, 2017 Share Posted October 13, 2017 There is the premium subsidy that offsets the cost of the plans premium and then there is the CSR Cost Share Reduction subsidy. The CSR is what lowers the plans deductibles, MOO and doctor prescription copays on the silver tiered plans. The $7 Billion figure accounts only for the CSR not the premium subsidies which is the bulk of the subsidies We are fortunate to have someone who understands this here , thank you. Link to comment Share on other sites More sharing options...
Magox Posted October 13, 2017 Share Posted October 13, 2017 We are fortunate to have someone who understands this here , thank you. No problem Link to comment Share on other sites More sharing options...
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