White House Suspends Billions in Obamacare Insurer Payments
Headline Roundup July 8th, 2018
The Trump administration on Saturday halted billions of dollars in payments to health insurers that are required under the Obamacare healthcare law to even out the cost to insurers whose customers need expensive medical services. This move came after a federal court ruling that the administration says prevents the money from being disbursed.
The Trump administration took another major swipe at the Affordable Care Act, halting billions of dollars in annual payments required under the law to even out the cost to insurers whose customers need expensive medical services.
The Trump administration on Saturday halted billions of dollars in payments to health insurers under the Obamacare healthcare law, saying that a recent federal court ruling prevents the money from being disbursed.
The Trump administration said Saturday that it was suspending $10.4 billion in payments expected by Obamacare insurers, citing a federal judge's ruling in a lawsuit over a program's formula guidelines.
