Goodbye Gravy Train! Trump Revokes Taxpayer-Funded Obamacare Hand-Out To Big Insurance
All of the fancy rhetoric and cloudy legal maneuvering behind Obamacare had one purpose – to deny the public the truth about what was really behind the law.
Imagine if you had a business, and the government forced customers to buy from you.
Now imagine if the government also sent you free money!
That was the deal that insurance giants got from Obama when Obamacare was passed into law. Now, President Trump has killed at least the second part of the dirty deal!
The White House has now officially ended the giveaway, or “bailout” program designed to keep health-care corporations fat at the expense of taxpayers.
More from Breitbart:
The Trump administration’s decision to eliminate the Obamacare subsidies arises on the same day President Trump signed an executive order to open up the health insurance market. The executive order will expand access to association health plans for small businesses, expand the length of short-term health insurance plans, and expand reimbursement accounts for small businesses.
“This will cost the United States government virtually nothing and will provide people great, great health care,” President Trump explained.
Sen. Rand Paul praised the action as “the biggest free-market reform of health care in a generation,” adding that the executive order will allow Americans to purchase health insurance across state lines.
The Obamacare subsidies will cost the American taxpayer $7 billion this year. House Republicans under former Speaker John Boehner sued the Obama administration, arguing that the subsidies were never authorized under the Affordable Care Act. In 2016, a federal judge ruled against the Obama administration., but the court allowed the administration to continue the payments while the White House appealed the decision.
President Trump previously expressed his desire to end the Obamacare subsidies. In April, the president said, “Obamacare is dead next month if it doesn’t get that money.”
On Friday morning, President Trump tweeted, “Obamacare is a broken mess. Piece by piece we will now begin the process of giving America the great HealthCare it deserves!”
Three cheers for the President!