The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Friday, October 13, 2017

The friend of America's forgotten men strikes again

Trump will scrap critical Obamacare subsidies

Trump, GOP congress, try to send Ocare into death spiral.

The white working class morons who voted for the moron in The White House will approve and blame Democrats for any personal pain that results.

President Donald Trump plans to cut off subsidy payments to insurers selling Obamacare coverage in his most aggressive move yet to undermine his predecessor's health care law.

The subsidies, which are worth an estimated $7 billion this year and are paid out in monthly installments, may stop almost immediately, since Congress hasn’t appropriated funding for the program.

The decision — which leaked out only hours after Trump signed an executive order calling for new regulations to encourage cheap, loosely regulated health plans — delivered a double whammy to Obamacare after months of failed GOP efforts to repeal the law. 

With open enrollment for the 2018 plan year set to launch in two weeks, the moves seem aimed at dismantling the law through executive actions.

More detail on what this does is here.

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