Trump Sabotages Obamacare by Ending Subsidies That Help Lower Costs

Payments may stop almost immediately.

Win Mcnamee/Pool/CNP/Zuma

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The Trump administration announced late Thursday night that it would no longer provide key health insurance subsidies that are intended to keep costs down for lower-income Americans. The move, widely viewed as an effort to sabotage Obamacare, has the potential to disrupt insurance markets. The subsidies, which are paid to insurance companies, help cover the cost of providing affordable coverage.

“The bailout of insurance companies through these unlawful payments is yet another example of how the previous administration abused taxpayer dollars and skirted the law to prop up a broken system,” the White House Press Office said in an emailed statement. “Congress needs to repeal and replace the disastrous Obamacare law and provide real relief to the American people.”

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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