On Thursday night, the White House said it cannot lawfully make subsidy payments to insurers who rely on funding to reduce out-of-pocket costs for low-income ObamaCare customers. The subsidies are paid monthly, and are estimated to be worth $7 billion this year. Under the law, insurers must provide cheaper rates to members even if they no longer receive federal funding, so President Trump's decision to end the subsidy payments may well drive premiums up and insurers out of the market. Politico says the move will trigger "epic" legal battles in response, "as Democratic-led states seek injunctions, while insurers seek to recover payments they say they're owed." The Department of Health and Human Services said the payments would cease immediately.
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