How the Blowup of Obamacare Affects the People on It
Last week, the president ended an important subsidy insurers were relying on to set their prices. What now?
Updated Oct. 18 at 10 a.m.
Last week President Trump triumphantly tweeted, “Money pouring into Insurance Companies profits, under the guise of ObamaCare, is over.” He was celebrating the fact that his administration had just ended cost-sharing reductions, payments that the government had been making to insurers to make insurance cheaper for their low-income customers.
Health-policy experts that this move, agree with it or not, caused “instability” in the individual-insurance market. But what
