Trump at White House signing on Thursday, October 12
Published October 13, 2017
WASHINGTON – The White House announced late on Thursday night, President Trump has chosen to stop payments to health insurers that assist millions of lower-income Americans afford health insurance. His decision will stop $7 billion of federal assistance to at least seven million lower-income Americans across the country.
Earlier Thursday President Donald Trump signed an executive order that will allow trade associations and other groups to offer their own health plans. The executive order also directs the federal government to rewrite rules that allow the sale of “association health plans.”
The cuts of funding and the executive order are seen as a means for Trump to begin to dismantle the Affordable Care Act, commonly called Obamacare.
His executive order comes after the Congress, in two attempts this year, could not repeal Obamacare in the Senate. Republicans have rallied against Obamacare was signed into law in March 2010.
Yesterday’s executive order directs the federal government to lift Obama-era limits on short-term insurance plans sold outside of the Obamacare markets. The order also seeks to expand a program allowing employers to set aside pre-tax dollars to help pay workers’ insurance premiums.