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White House says it can't lawfully pay Obamacare subsidies

Reuters Donald TrumpDonald Trump
Friday, 13 October 2017 ()

WASHINGTON (Reuters) - President Donald Trump will stop payments worth billions of dollars to health insurers to subsidize low-income Americans, the White House said on Thursday, a move health insurers have warned will cause chaos in insurance markets and a spike in premiums.
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Source: Reuters Studio - < > Embed

News video: White House pushes corporate tax cuts

White House pushes corporate tax cuts 01:16

Middle-class Americans' incomes would eventually rise more than $4,000 if corporate tax cuts were enacted, the Trump administration said in an analysis released on Monday to counter Democratic criticisms that its tax proposals overwhelmingly benefit the rich.

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