Snoslinger Posted October 13, 2017 Share Posted October 13, 2017 this hits trump supporters pockets, and hard....cry about about a few pennies going to help the less fortunate, and now you'll pay more. and no, it's not Obama's fault President Trump finally made good on his promise to yank funding from a key set of Obamacare subsidies. The administration announced late Thursday night that it would immediately stop supporting the cost-sharing subsidies that reimburse insurers for reducing the deductibles and co-pays of lower-income Obamacare enrollees. Trump has been paying the subsidies on a month-to-month basis, unnerving many insurers. What does this mean for the nearly six million people who receive these subsidies? And what about the more than 10 million Americans enrolled in Obamacare? The short answer: Insurers must continue providing these cost-sharing discounts -- even though they won't be paid for them. That's because the subsidies are required by the Affordable Care Act. Many carriers already anticipated Trump would eliminate the funding and are hiking premiums substantially for 2018. Others, however, didn't do so. They may now try to raise rates or even pull out of the exchanges. Enrollees who qualify for premium subsidies -- which are separate and unaffected -- won't have to pay much more, though they may need to switch plans to keep their rates steady. But middle class Americans who earn too much to get premium subsidies could get walloped by higher rates. http://money.cnn.com/2017/10/13/news/economy/trump-obamacare-subsidies/index.html Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted October 13, 2017 Platinum Contributing Member Share Posted October 13, 2017 http://www.freedomsledder.com/index.php?/topic/8939-outrage-from-the-bible-beaters/& Quote Link to comment Share on other sites More sharing options...
T1R9sledder Posted October 13, 2017 Share Posted October 13, 2017 2 minutes ago, Snoslinger said: this hits trump supporters pockets, and hard....cry about about a few pennies going to help the less fortunate, and now you'll pay more. and no, it's not Obama's fault President Trump finally made good on his promise to yank funding from a key set of Obamacare subsidies. The administration announced late Thursday night that it would immediately stop supporting the cost-sharing subsidies that reimburse insurers for reducing the deductibles and co-pays of lower-income Obamacare enrollees. Trump has been paying the subsidies on a month-to-month basis, unnerving many insurers. What does this mean for the nearly six million people who receive these subsidies? And what about the more than 10 million Americans enrolled in Obamacare? The short answer: Insurers must continue providing these cost-sharing discounts -- even though they won't be paid for them. That's because the subsidies are required by the Affordable Care Act. Many carriers already anticipated Trump would eliminate the funding and are hiking premiums substantially for 2018. Others, however, didn't do so. They may now try to raise rates or even pull out of the exchanges. Enrollees who qualify for premium subsidies -- which are separate and unaffected -- won't have to pay much more, though they may need to switch plans to keep their rates steady. But middle class Americans who earn too much to get premium subsidies could get walloped by higher rates. http://money.cnn.com/2017/10/13/news/economy/trump-obamacare-subsidies/index.html Just now, SnowRider said: http://www.freedomsledder.com/index.php?/topic/8939-outrage-from-the-bible-beaters/& Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted October 13, 2017 Author Share Posted October 13, 2017 my bad, I thought SR's thread was more in regards to the gop shitting on CHIP earlier this week Quote Link to comment Share on other sites More sharing options...
T1R9sledder Posted October 13, 2017 Share Posted October 13, 2017 1 minute ago, Snoslinger said: my bad, I thought SR's thread was more in regards to the gop shitting on CHIP earlier this week Quote Link to comment Share on other sites More sharing options...
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