>> We will probably like a very short term solution.>> President Trump's reversals this week on continuing to provide Obamacare subsidies to insurers, sowing new confusion over what kind of health insurance will be available to consumers, and at what price.>> This is money that goes to the insurance companies to line their pockets, to raise up their stock prices.
>> Last week Trump said he would stop paying billions of dollars in subsidies that help insurers give discounts to low income households, One of several moves to chip away at Obamacare. Since last week though, Trump has alternately supported and dismissed an effort by Republican and Democratic senators that would reinstate the subsidies for two years.
Until a broader replacement can be negotiated, in anticipation of Trump's moves and Shear's proposed higher prices on monthly premiums for 2018, to recoup the money. In all but a handful of states, they submitted two sets of premium rates. A lower rate to use if the subsidies remain, and a higher rate to use if the funding was cut.
If the latter happens when 2018 enrollment opens on November 1st, many consumers will see their premium rates go up 20% higher than where they would have been otherwise.>> I don't want the insurance companies making any more money.>> Enrollment for 2018 begins in two weeks, and as of Friday, the fate of the subsidies remains in limbo.