House Democratic leader Nancy Pelosi and Senate Democratic leader Chuck Schumer swiftly condemned the Trump administration’s decision to slash key Obamacare subsidies — an act that could cause health insurance companies to bolt from the online marketplace and dramatically increase out-of-pocket costs for poorer Americans.
“Sadly, instead of working to lower health costs for Americans, it seems President Trump will singlehandedly hike Americans’ health premiums. It is a spiteful act of vast, pointless sabotage leveled at working families and the middle class in every corner of America. Make no mistake about it, Trump will try to blame the Affordable Care Act, but this will fall on his back and he will pay the price for it,” Pelosi and Schumer said in a joint statement early Friday.
The Democratic leaders accused Trump of punishing the American people for his own inability to improve the U.S. health care system. They argued that the Republicans’ American Health Care Act collapsed because most Americans “recognized the cruelty and higher costs it meant for them and their loved ones.”
“Now, millions of hard-working American families will suffer just because President Trump wants them to,” they continued. “If these reports are true, the President is walking away from the good faith, bipartisan Alexander-Murray negotiations and risking the health care of millions of Americans.”
White House press secretary Sarah Sanders said in a statement late Thursday night that since the Affordable Care Act, better known as Obamacare, had not set aside a sum of money to reduce payments to insurance companies, the U.S. government could not legally make these cost-sharing reduction payments.
Trump signed an executive order late Thursday that would make it easier for Americans to purchase cheaper health insurance plans that do not cover essential benefits…