NPR

Halt In Subsidies For Health Insurers Expected To Drive Up Costs For Middle Class

The administration's move late Thursday was the second swipe in the same day at the insurance markets created by the Affordable Care Act.
President Trump talks Thursday about an executive order to ease the way for groups of employers to offer health insurance. Later, the administration said it would halt subsidy payments to insurers. / Alex Wong / Getty Images

President Trump's decision Thursday to end subsidy payments to health insurance companies is expected to raise premiums for middle-class families and cost the federal government hundreds of billions of dollars.

The administration it would stop reimbursing insurers for discounts on co-payments and deductibles that they are required by law to offer to low-income consumers. The reimbursements are known as cost-sharing reduction payments, or CSRs.

You’re reading a preview, subscribe to read more.

More from NPR

NPR4 min readAmerican Government
California Judge Recommends Disbarment Of Pro-Trump Attorney John Eastman
A California judge found that attorney John Eastman committed "exceptionally serious ethical violations" in his efforts to overturn the results of the 2020 election and recommended disbarment.
NPR3 min read
Biden Administration Restores Threatened Species Protections Dropped By Trump
Among the changes, the U.S. Fish and Wildlife Service will reinstate a decades-old regulation that mandates blanket protections for species newly classified as threatened.
NPR9 min readWorld
Fractures In The Grand Alliance Between Black And Jewish Americans
The Grand Alliance between Black and Jewish leaders, known largely for shared work on Civil Rights in the 1960s, has a complicated legacy--and an uncertain future between these communities.

Related Books & Audiobooks