White House counselor Kellyanne Conway said Sunday that President Donald Trump would make a decision «this week» on whether to continue government payments to insurance companies to help lower costs for lower-income policyholders under Obamacare.
The administration is now paying the subsidies on a monthly basis, leaving the industry worried that Trump could end them at any time.
Already, some carriers have requested large rate hikes for next year to cover them in case Trump decides to stop paying the cost-sharing reduction subsidies. Other carriers no longer wanted to deal with the volatility and decided to walk away from the individual market.
Repeal is dead (for now) . But will Obamacare survive?
Health and Human Services Secretary Tom Price declined on NBC’s «Meet the Press» to address the issue directly, citing ongoing litigation.
«What I can tell you though is that the court has made a decision that those payments were made illegally, » Price said. «And that’s working its way through the court system.»
But Price pledged to enforce Obamacare, despite his belief that it isn’t working, saying twice, «Our job is to follow the law of the land.»
In an interview on ABC’s «This Week, » Price spoke to another key portion of Obamacare, the individual mandate, saying his department could still choose to waive the mandate, which requires people to have health insurance or face tax penalties.
«All things are on the table to try to help patients, » Price said.
