Mick Mulvaney

Trump healthcare move threatens sharply higher premiums and market chaos

Trump healthcare move threatens sharply higher premiums and market chaos

President Trump’s move late Thursday to cut off critical federal payments to insurers sent shock waves through the healthcare system Friday, threatening widespread disruption to markets nationwide and igniting new legal and political battles over the Affordable Care Act.

Caught in the middle are millions of Americans likely to see their insurance premiums shoot higher as the administration intensifies its effort to dismantle the 2010 healthcare law, often called Obamacare.

Insurers have said that markets in some parts of the country could collapse, leaving many consumers who don’t get insurance on the job with no choices for health plans. And state insurance regulators...

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