Trump Suspends Obamacare Payments To Insurers

July 8, 2018 Donald Trump, Idiocracy

The New York Daily News reports:

The Trump administration announced Saturday it will temporarily suspend a program meant to stabilize Obamacare markets by halting billion of dollars in payouts to insurance companies. The federal Centers for Medicare & Medicaid Services — known by the abbreviation CMS — will temporarily stop so-called “risk-adjustment payments” used to steady Obamacare health insurance premiums.

Risk-adjustment payments are one way the Affordable Care Act — Obamacare’s formal name — stabilizes health insurance prices. The payments work this way: The government takes money from insurers with healthier, low-risk customers, and gives it to insurers with less-healthy, higher-risk customers.

Trump administration freezes billions in Obamacare payments, outraging advocates https://t.co/Rrr6qnlUSS

— POLITICO (@politico) July 8, 2018

Trump administration deals another potential blow to Obamacare by freezing risk adjustment payments. https://t.co/7jeKE7kEX8 pic.twitter.com/rUa95IqZBq

— ABC News (@ABC) July 8, 2018