Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Trump Breaking Obamacare By Himself
Posted
October 14, 2017
Views
124,612
Likes
2,563
Comments
831
Engagement
2.72%
October 14, 2017
124,612
2,563
831
2.72%
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14:48Now PlayingTrump just dealt Obamacare two HUGE blows. Cenk Uygur, John Iadarola, and Mark Thompson, the hosts of The Young Turks, tell you how his actions may affect you. Tell us what you think in the comment section below. Join TYT
“WASHINGTON — President Trump will scrap subsidies to health insurance companies that help pay out-of-pocket costs of low-income people, the White House said late Thursday. His plans were disclosed hours after the president ordered potentially sweeping changes in the nation’s insurance system, including sales of cheaper policies with fewer benefits and fewer protections for consumers.
The twin hits to the Affordable Care Act could unravel President Barack Obama’s signature domestic achievement, sending insurance premiums soaring and insurance companies fleeing from the health law’s online marketplaces. After Republicans failed to repeal the health law in Congress, Mr. Trump appears determined to dismantle it on his own.
Without the subsidies, insurance markets could quickly unravel. Insurers have said they will need much higher premiums and may pull out of the insurance exchanges created under the Affordable Care Act if the subsidies were cut off. Known as cost-sharing reduction payments, the subsidies were expected to total $9 billion in the coming year and nearly $100 billion in the coming decade.
“The government cannot lawfully make the cost-sharing reduction payments,” the White House said in a statement.”
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Hosts: Cenk Uygur, John Iadarola, Mark Thompson
Cast: Cenk Uygur, John Iadarola, Mark Thompson
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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