Lamar Alexander

Trump administration, facing pressure, agrees to continue Obamacare subsidy for now

Trump administration, facing pressure, agrees to continue Obamacare subsidy for now

The Trump administration, faced with increasing pressure from Republican members of Congress, backed away from causing an immediate crisis in healthcare marketplaces and agreed Wednesday to continue making payments to insurance companies that are widely viewed as critical to keeping the industry stable.

President Trump and his top aides have flirted for months with cutting off the money, known as cost-sharing reduction payments, which help subsidize insurance co-payments and deductibles for low-income and moderate-income Americans. Doing so would be one step toward causing the Affordable Care Act to “implode” — as Trump has sometimes put it.

The...

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