Sunday, May 21, 2017

Fate of Obamacare's exchanges could come Monday

Via Billy

Trump administration and the House must give a status report to a federal court on an appeal of a lawsuit over insurer subsidies, which could end the payments. (AP Photo/LM Otero, File)

A routine court filing may bring about the beginning of the end of Obamacare's insurance exchanges.
On Monday the Trump administration and the House must give a status report to a federal court on an appeal of a lawsuit over insurer subsidies. While the filing seems innocuous, it is an opportunity for Trump to immediately end the insurer subsidies.

If that happens, insurers could raise prices dramatically to cover the lost subsidies or leave the Obamacare exchanges altogether.

Ending an appeal made under the Obama administration is just one of the options. Trump and the House could simply ask for a delay or continue the appeal while they figure out what to do next.

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