President Donald Trump mentioned Wednesday that he couldn’t help the bipartisan proposal to shore up Obamacare and stabilize the medical health insurance markets by 2019.
“I’m supportive of Lamar as an individual & additionally of the method, however I can by no means help bailing out ins co’s who’ve made a fortune w/ O’Care,” the president tweeted Wednesday morning.
I’m supportive of Lamar as an individual & additionally of the method, however I can by no means help bailing out ins co’s who’ve made a fortune w/ O’Care.
— Donald J. Trump (@actualDonaldTrump) October 18, 2017
Trump mentioned Tuesday night at The Heritage Foundatation that he helps the efforts of Sens. Lamar Alexander, R-Tenn., and Patty Murray, D-Wash., to repair the issues with Obamacare, however he insists that lawmakers “discover a answer to the Obamacare mess as a substitute of offering bailouts to insurance coverage corporations.”
The Trump administration introduced final week that it’s going to now not fund a vital characteristic of Obamacare that helps low-income Americans buy medical health insurance on the Affordable Care Act state exchanges, generally known as cost-sharing reductions. The president and quite a few conservative members of Congress label these subsidies as welfare, or bailouts, for insurance coverage suppliers.
“The bailout of insurance coverage corporations by these illegal funds is one more instance of how the earlier administration abused taxpayer and skirted the legislation to prop up a damaged system,” the White House mentioned in a press release. “Congress must repeal and substitute the disastrous Obamacare legislation and supply actual aid to the American individuals.”
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