What Trump’s decision to end a federal healthcare subsidy means for Californians – Los Angeles Times

In an aggressive move to dismantle Obamacare, President Trump announced Thursday that the government was ending payments to health insurers that help fund the law.

The approximately $7 billion a year in federal dollars have allowed companies to offer discounted plans to low-income Americans who buy coverage through the healthcare exchanges.

According to experts, withdrawal of the subsidies could lead insurers to drop out of the exchanges, healthcare marketplaces to collapse and premiums to increase. The biggest effect would be on the individual insurance market, through which about 3 million Californians buy a health plan.

Wait, what happened?


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