President Trump’s decision to cancel key ObamaCare payments could be backfiring.
Trump has claimed the health-care law is “imploding,” and earlier this month he took an action seemingly aimed at that goal: cutting off subsidy payments to insurers known as cost-sharing reductions.
Democrats cried foul, calling it the biggest example yet of what they say is Trump’s “sabotage” of ObamaCare, efforts that include cutting enrollment staff and reducing advertising.
But there are inadvertent benefits of Trump’s action: Many ObamaCare enrollees are actually getting a better deal and the potential to get more generous insurance because Trump cut off the payments.“It sounds very counterintuitive that premiums going up a lot could actually lead to many people paying less for health insurance,” said Larry Levitt, a health policy expert at the Kaiser Family Foundation. “But that is the way the math works.”