Getting ready to grab us by the ... wallet
by digby
He's desperate and he's pissed. And he could easily do this:
Kellyanne Conway, an adviser to President Trump, said Sunday he will make a decision this week on ending key payments to insurance companies under ObamaCare.
"He’s going to make that decision this week," she told "Fox News Sunday."
The payments are known as Cost Sharing Reduction (CSR) payments. Referring to them as “bailouts,” Trump threatened to end the payments on Saturday.
His tweet followed the collapse of the GOP effort to repeal and replace ObamaCare in the Senate this week. Trump is urging Republicans not to give up on the healthcare reform effort and threatening that if they do not pass a bill, he will end the federal subsidies to insurance companies.
If the subsidies are taken away millions of middle class and working class people will see their premiums rise by hundreds, sometimes thousands, of dollars overnight. Remember, the eligibility is determined by the adjusted gross income. So people who make as much as 65-70k a year gross, particularly those who have small businesses or work as independent contractors are eligible for subsidies.
But hey, fine. To hell with them. They deserve to suffer, amirite? Maybe those 60 year olds will get some initiative and go out and inherit millions from their rich daddies like all good Americans should do.
.
