Trump Orders Halt To Obamacare Subsidy Payments

The Associated Press reports:

In a brash move likely to roil insurance markets, President Donald Trump will “immediately” halt payments to insurers under the Obama-era health care law he has been trying to unravel for months.

Before sunrise Friday morning, Trump went on Twitter to urge Democrats to make a deal: “The Democrats ObamaCare is imploding,” he wrote. “Massive subsidy payments to their pet insurance companies has stopped. Dems should call me to fix!”

The Department of Health and Human Services had made the announcement in a statement late Thursday. “We will discontinue these payments immediately,” said acting HHS Secretary Eric Hargan and Medicare administrator Seema Verma. Sign-up season for subsidized private insurance starts Nov. 1, in less than three weeks, with about 9 million people currently covered.

The New York Post reports:

New York Attorney General Eric Schneiderman said late Thursday that he and other AGs are ready to sue President Trump to defend the subsidies that help Americans obtain health insurance.

“I will not allow President Trump to once again use New York families as political pawns in his dangerous, partisan campaign to eviscerate the Affordable Care Act at any cost,” Schneiderman said in a statement.

The New York AG said he would be joined by California Attorney General Xavier Becerra and 16 other attorneys general to stand up against the action by Trump to cut off subsidies for Obamacare. “Our coalition of states stands ready to sue if President Trump cuts them off.”