Halt In Subsidies For Health Insurers Expected To Drive Up Costs For Middle Class
The administration's move late Thursday was the second swipe in the same day at the insurance markets created by the Affordable Care Act.
President Trump's decision Thursday to end subsidy payments to health insurance companies is expected to raise premiums for middle-class families and cost the federal government hundreds of billions of dollars.
The administration it would stop reimbursing insurers for discounts on co-payments and deductibles that they are required by law to offer to low-income consumers. The reimbursements are known as cost-sharing reduction payments, or CSRs.
