U.S. states plan suit to block Trump Obamacare subsidies cut
Yasmeen Abutaleb, Dan Levine
WASHINGTON/SAN FRANCISCO (Reuters) – Eighteen U.S. states vowed to sue President Donald Trump’s administration on Friday to stop him from scrapping a key component of Obamacare, subsidies to insurers that help millions of low-income people pay medical expenses, even as Trump invited Democratic leaders to negotiate a deal.
One day after his administration announced plans to end the payments next week, Trump said he would dismantle Obamacare “step by step.”
His latest action raised concerns about chaos in insurance markets. The subsidies cost $7 billion this year and were estimated at $10 billion for 2018, according to congressional analysts.