President Donald Trump said Wednesday that he could not support the bipartisan proposal to shore up Obamacare and stabilize the health insurance markets through 2019.
“I am supportive of Lamar as a person & also of the process, but I can never support bailing out ins co’s who have made a fortune w/ O’Care,” the president tweeted Wednesday morning.
I am supportive of Lamar as a person & also of the process, but I can never support bailing out ins co's who have made a fortune w/ O'Care.
— Donald J. Trump (@realDonaldTrump) October 18, 2017
TRENDING ARTICLES
Trump said Tuesday evening at The Heritage Foundatation that he supports the efforts of Sens. Lamar Alexander, R-Tenn., and Patty Murray, D-Wash., to fix the problems with Obamacare, but he insists that lawmakers “find a solution to the Obamacare mess instead of providing bailouts to insurance companies.”
The Trump administration announced last week that it will no longer fund a crucial feature of Obamacare that helps low-income Americans purchase health insurance on the Affordable Care Act state exchanges, known as cost-sharing reductions. The president and a number of conservative members of Congress label these subsidies as welfare, or bailouts, for insurance providers.
“The bailout of insurance companies through these unlawful payments is yet another example of how the previous administration abused taxpayer dollars and skirted the law to prop up a broken system,” the White House said in a statement. “Congress needs to repeal and replace the disastrous Obamacare law and provide real relief to the American people.”
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities for this original content, email [email protected].
Read the first chapter of The Woketopus right now for FREE
Today, even with President Trump’s victory, leftist elites have their tentacles in every aspect of our government.
The Daily Signal’s own Tyler O’Neil exposes this leftist cabal in his new book, The Woketopus: The Dark Money Cabal Manipulating the Federal Government.
In this book, O’Neil reveals how the Left’s NGO apparatus pursues its woke agenda, maneuvering like an octopus by circumventing Congress and entrenching its interests in the federal government.
You can read the first chapter of this new book for FREE in this eBook, The Woketopus: Chapter One using the secure link below.
TRENDING ARTICLES
The Daily Signal depends on the support of readers like you.
RELATED ARTICLES
Don’t miss the
Don’t miss the signal
