Even though Barack Obama left the White House more than 6 months ago,
President Trump is being forced to pick up his tab. One of the worst
parts of Obamacare is insurance companies pulling out of the program
because they’re losing billions. Now, some of those companies are saying
the Federal government still owes millions in payments to a program
designed to stabilize the Affordable Care Act.
Health insurers have reportedly filed nearly two dozen lawsuits, “raising the prospect that the Trump administration will have to bankroll a program the GOP has pilloried as an insurer bailout,” Politico writes. Insurers are owed more than $8 billion in payments—a tab that is only expected to grow.
“[The Obama administration] repeatedly assured us it was there and it would be a clear obligation of the government,” said Tom Policelli, CEO of Minuteman Health, which is among the insurers suing the government over the shortfall. “Even the federal government is subject to the rules.”
Meanwhile, President Trump has threatened to pull billions in funding from a separate Affordable Care Act subsidy program that he’s labeled as a “bailout” for insurers.
What do you think about all of this?
Health insurers have reportedly filed nearly two dozen lawsuits, “raising the prospect that the Trump administration will have to bankroll a program the GOP has pilloried as an insurer bailout,” Politico writes. Insurers are owed more than $8 billion in payments—a tab that is only expected to grow.
“[The Obama administration] repeatedly assured us it was there and it would be a clear obligation of the government,” said Tom Policelli, CEO of Minuteman Health, which is among the insurers suing the government over the shortfall. “Even the federal government is subject to the rules.”
Meanwhile, President Trump has threatened to pull billions in funding from a separate Affordable Care Act subsidy program that he’s labeled as a “bailout” for insurers.
