Trump Wails He’ll Withhold Obamacare Payments Unless Repeal Passes

President Trump has threatened to withhold crucial payments to insurance companies if a health-care bill is not approved quickly. In his second Twitter tirade of the day on Saturday, Trump said if legislation is not passed, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon! He was apparently referring to Cost Sharing Reduction payments to insurance companies, which reduce co-payments and deductibles for lower income customers under Obamacare. The White House said earlier that the payments would be made until the end of this month, though no commitment was made past July. The president made similar threats back in April, saying at that time the ensuing chaos in insurance markets would force Democrats to compromise on health-care legislation.

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