President Trump has moved to dismantle the Affordable Care Act, after Republican lawmakers repeatedly failed to repeal and replace President Obama’s signature healthcare law. In a late-night announcement, the White House announced it will stop paying billions of dollars in federal subsidies to insurance companies to help cover low-income people’s healthcare plans. Experts say ending the subsidies will dramatically increase insurance premiums and could unravel the healthcare market. This came hours after Trump signed an executive order that would allow insurance companies to sell cheaper policies with few protections and benefits, a move that could also destabilize the current healthcare market. We’ll have more on healthcare later in the broadcast.
In Twin Blows, Trump Moves to Dismantle Affordable Care Act
HeadlineOct 13, 2017