Donald Trump threatened insurance companies’ ‘bailouts.’ Here’s what that means

President Donald Trump warned lawmakers he would cut off billions in federal funding that insurance companies receive through Obamacare if Congress fails to pass new health care legislation. "If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon!" Trump tweeted July 29, 2017. See Figure 1 on PolitiFact.com Trump’s reference to an insurance company "bailout" likely refers to reimbursements the federal government gives carriers who cover certain lower-income Americans in Obamacare exchanges. (We also investigated his claim about bailouts for Congress in this story.) Insurance companies are … >>More
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