Schneiderman to Trump on Obamacare cuts: "See you in court"

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CT joined Massachusetts, California and Kentucky in filing a lawsuit on Friday challenging the Trump administration's move to stop $7 billion in federal subsidy payments to health insurers under the Affordable Care Act.

Mrs. Pelosi characterized Mr. Trump's move as his latest attempt to go rogue and unwind his predecessor's legacy, despite criticism from members within his own party. The payments cost about $7 billion a year.

Trump's action took aim at a critical element of the 2010 law, his Democratic predecessor Barack Obama's signature domestic policy achievement. As Trump frequently points out, next year about half of US counties will have only one insurer on "Obamacare's" online marketplaces, up from the one-third of counties with one carrier in 2017.

Democrats accuse Mr. Trump of playing politics with people's lives. The states include: California, Connecticut, Delaware, Kentucky, Illinois, Iowa, Maryland, Massachusetts, Minnesota, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia and Washington state.

Trump had no choice but to cut off payments that Congress specifically denied but President Obama made anyway. Legal experts said the states were likely to face an uphill battle in court.

Becerra and the other attorneys general said they are filing the federal lawsuit Friday, arguing that withholding cost-sharing subsidies is unlawful and violates a mandate in the law.

HASSAN: Well, these payments - these so-called cost-sharing reduction payments - are what allow everyday Americans to lower their out-of-pocket costs and their deductibles. The decision "stands to hurt the most vulnerable individuals and families, raising cost for them and the federal government".

Without the payments, insurers say, they would increase premiums, which would further upend the shaky economic underpinning of the Affordable Care Act.

Some top Republicans have expressed fear that Trump doing this will not only lead to worse health outcomes for their voters, but that they will be blamed for the fallout.

Pres. Trump: "Obamacare is finished, it's dead, it's gone.There is no such thing as Obamacare anymore". "But we're not getting the job done". "It's got to be a good deal".

But even considering passing a bill that funds CSRs or fixes issues with the ACA puts Republicans in a tight spot.

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The Senate failed in both July and September to pass legislation backed by Trump to repeal Obamacare due to opposition by a handful of Republican senators.

Trump's move concerned some Republicans, anxious the party will be blamed for the effects on consumers and insurance markets.

Shares of US hospital companies and health insurers closed down on Friday after the subsidies announcement.

The federal cost-sharing payments cover almost 95 percent of her deductible and co-pay costs.

Trump, who as a candidate a year ago promised to roll back the law formally called the Affordable Care Act, received applause for his latest action during an appearance on Friday before a group of conservative voters. This is an Obamacare mess.

Almost 70% of the six million individuals who take advantage of the subsidies are now living in Republican majority states.

Many insurers, particularly in California, already have increased their rates for exchange coverage in anticipation of the subsidy payments going away.

Thompson, who spoke with reporters on a call organized by a health care advocacy group, said she expects to pay 30 percent to 50 percent more per year for her monthly premium, potentially more than her mortgage payment.

But Trump's former strategist Steve Bannon on Saturday said the White House ended CSR payments to "blow up" Obamacare. It was called Obamacare.

HASSAN:.Hearing. And I'll just say, people told us over and over again that they had pre-existing conditions and they finally got health care.

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