• Trump opposes Senate Obamacare subsidy plan

    From Ubiquitous@21:1/5 to All on Wed Oct 18 21:05:01 2017
    XPost: alt.tv.pol-incorrect, alt.politics.usa, alt.fan.rush-limbaugh
    XPost: alt.politics.trump

    President Trump said Wednesday he does not support a bipartisan plan
    to stabilize Obamacare, saying the deal would bail out insurance
    companies "who have made a fortune" under Obamacare.

    "I am supportive of Lamar as a person & also of the process, but I
    can never support bailing out ins co's who have made a fortune w/
    O'Care," Trump tweeted Wednesday morning, referencing Sen. Lamar
    Alexander, R-Tenn.

    I am supportive of Lamar as a person & also of the process, but I
    can never support bailing out ins co's who have made a fortune w/
    O'Care. Donald J. Trump (@realDonaldTrump) October 18, 2017

    Alexander and Sen. Patty Murray, D-Wash., the top two members of the
    Senate Health, Education, Labor and Pensions Committee, announced
    Tuesday a deal to fund insurer payments known as cost-sharing
    reduction subsidies for two years.

    Trump ended the cost-sharing reduction subsidies last week, but he
    signaled support for the deal from Alexander and Murray during a
    press conference in the Rose Garden on Tuesday.

    "It is a short-term solution, so that we don't have this very
    dangerous little period including dangerous periods for insurance
    companies," the president said. "For a period of one year, two
    years, we will have a very good solution."

    Trump also told reporters he was aware of the negotiations between
    Alexander and Murray.

    "Lamar has been working very, very hard with the Democratic his
    colleagues on the other side, and Patty Murray is one of them, in
    particular," the president said. "And they're coming up and they're
    very close to a short-term solution. The solution will be for about
    a year or two years, and it'll get us over this intermediate hump."

    But hours later, in a speech before conservative donors and policy
    makers at an event for The Heritage Foundation, Trump appeared to
    walk back his initial support for the bipartisan deal.

    "I'm pleased the Democrats have finally responded to my call for
    them to take responsibility for their Obamacare disaster and work
    with Republicans to provide much-needed relief to the American
    people," Trump said. "While I commend the bipartisan work done by
    Senators Alexander and Murray, and I do commend it, I continue to
    believe Congress must find a solution to the Obamacare mess instead
    of providing bailouts to insurance companies."

    Alexander said he spoke with Trump on Wednesday morning about the
    bipartisan deal, and told attendees of an Axios event in Washington
    the president "intends to review it carefully and see if he wants to
    add to it."

    In addition to funding the cost-sharing reduction subsidies for two
    years, the deal from Alexander and Murray would also allow insurance
    companies to sell "copper plans" to consumers who are older than 30.

    States could also apply for waivers to adjust Obamacare's rules, and
    the process for applying for and receiving those waivers from
    federal officials would be quicker.

    The "bailout" label has been attached by several conservatives
    skeptical of giving billions of dollars to insurers. In 2016, the
    federal goverment gave out $7 billion in cost-sharing subsidies to
    insurers.

    The subsidies go to insurers to reimburse them for lowering copays
    and deductibles for low-income Obamacare customers. Insurers are
    required to lower the out-of-pocket costs for low-income customers
    so experts predict they will raise premiums for everyone on
    Obamacare's exchanges on the individual market, which is used by
    people that don't get insurance through a job or the government, to
    recoup the costs.

    The nonpartisan Kaiser Family Foundation estimates that premiums
    could go up nearly 20 percent in 2018.

    --
    Dems & the media want Trump to be more like Obama, but then he'd
    have to audit liberals & wire tap reporters' phones.

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