Trump, who campaigned on a promise to get rid of Obamacare but has been frustrated by the failure of Republicans in Congress to pass legislation to do so, also made clear he wanted broader legislation to repeal and replace the law.
“Lamar Alexander’s working on it very hard from our side. And if something can happen, that’s fine,” Trump told reporters at the White House. “But I won’t do anything to enrich the insurance companies. … They’ve been enriched by Obamacare like nothing anybody’s ever seen before.”
- The agreement would shore up Obamacare by reviving billions of dollars of federal subsidies to insurers for two years to help lower-income Americans obtain medical coverage.
- Ending the subsidies, which are called cost-sharing reduction payments, could create chaos in the 2018 health insurance markets set up under Obamacare.
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