Heinrich Statement On President Trump's Decision To End Critical Health Care Payments

Heinrich Statement On President Trump's Decision To End Critical Health Care Payments

The Trump administration's decision to cease CSR payments also does not mean that they will not be reinstated or continued in the future. Since the ACA guarantee of contraception, women have saved $1.4 billion on out-of-pocket costs-in 2013 alone.

Based on guidance from the Department of Justice, the Department of Health and Human Services has concluded that there is no appropriation for cost-sharing reduction payments to insurance companies under Obamacare. That program, which was signed into law by President Nixon in 1970, has served tens of millions of women in its almost 50-year history. Congress needs to repeal and replace the disastrous Obamacare law and provide real relief to the American people. To be clear, this is not a campaign aimed at curbing abortions; it is aimed at preventing poor women in developing countries from deciding for themselves how many children to have and when. It is also bad law. The federal government appealed the decision to an appeals court.

After a legal review, the statement said, "we believe that the last Administration overstepped the legal boundaries drawn by our Constitution". While majorities of Democrats (82%) and independents (62%) want Congress to continue them, most Republicans (55%) say that the payments should stop. This is not a bailout. "It is critically important that the Congress act with dispatch to ensure the Federal funds remain available to pay for the cost sharing for those working American families".

On Thursday, the White House announced the administration cannot "lawfully" make the cost-sharing reduction payments without an appropriation from Congress, and therefore will stop making the payments immediately.

A group of 18 states and the District of Columbia are suing the Trump administration to block executive orders reforming the nation's healthcare system.

The Trump administration may be bogged down in the legislative trenches, but on the regulatory front, it is a rolling juggernaut, killing or maiming Obama regulations nearly at will. In response to that demand, the Trump administration has proposed two new rules.

GSA Capital Partners LLP Trims Holdings in Synchrony Financial (SYF)
More interesting news about Verizon Communications Inc. (NYSE:PFE) earned "Hold" rating by BMO Capital Markets on Monday, June 12. Artemis Investment Management Llp increased Cummins Inc (NYSE:CMI) stake by 10,800 shares to 48,700 valued at $7.90M in 2017Q2.

Judge Collyer stayed her order pending an appeal from the parties involved, and the Obama administration did indeed file an appeal. At the end of August, the D.C. Circuit Court of Appeals allowed 19 state attorneys general to intervene to protect their citizens. In light of this analysis, the Government cannot lawfully make the cost-sharing reduction payments.

The effect of terminating the payments has been well analyzed, including a report from the Congressional Budget Office.

In the short-term, insurers have already submitted premiums for 2018. As premiums go up, so will premium tax credits. That's because the tax credits reduce the premium cost of ACA plans will not be affected. In addition, consumers who receive tax credits will see those tax credits cover premium increases. And as we all know, Trump is obsessed with undoing anything President Obama accomplished.

The president claimed the new rules issued October 6 that allow some employers and insurers an exemption from the ACA provision requiring free contraceptives are about religious freedom.

The effect of CSR payment termination, however, will depend heavily on how insurers deal with the change. In their contracts to participate on the exchange, insurers do have the option to withdraw from the exchanges should the CSR payments be terminated. In these states, the change is likely to cause considerable confusion. With open enrollment starting November 1, "There could be quite a bit of chaos over the next few weeks".


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