Trump's New Obamacare Killer to Cost Uncle Sam $194 Billion
Trump Urges New Rules in Effort to Undo Obamacare
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President Donald Trump is halting some Obamacare subsidies. A big money saver for taxpayers, right? Wrong. The move could actually force the government to dole out almost $200 billion more on health insurance over the next decade.
Here’s why: The insurer payouts Trump cut off aren’t the only government funds financing the program. Consumers also can get help with their insurance premiums. When the insurer subsidies are discontinued, those premiums are pushed higher -- and because the consumer subsidies are far bigger than those given to insurers, that’s a costly trade.