>> We're going to have great healthcare in our country. We're taking a little different route than we had hoped because getting Congress, they forgot what their pledges were.>> President Donald Trump vowing to dismantle Obamacare piece by piece on Friday after cutting off payments that keep health costs down for millions of Americans.
Trump unable to convince Congress to repeal the law outright, now taking steps on his own to undercut its effectiveness, saying his administration will no longer provide billions of dollars in insurance subsidies. Yazmine Abu-Talib is following the story.>> There are about 10 million people who buy health insurance on the Obamacare individual market.
About 1.5 million of them make too much money to qualify for any kind of government assistance, so they're the ones who are gonna be hit hardest by this decision.>> Trump pressuring Democrats to strike a deal. Senate Democratic leader Chuck Schumer saying they'll have a chance to restore the payments during broader budget talks in December.
The move coming just hours after Trump signed an executive order that would make it easier for insurers to offer low cost plans with fewer benefits, experts saying that could leave Obamacare stuck with the sickest, most expensive patients. Trump also slashing Obamacare's advertising budget, shrinking its sign-up period, and making it easier for employers to deny birth control coverage.
The nonpartisan Congressional Budget Office estimating that Trump's actions could cause costs to rise by 20% next year. And prompt insurers to pull out of some areas entirely. Some providers already raising costs in anticipation. Blue Cross Blue Shield of North Carolina hiking premiums by 20% earlier, this year.>> Polls have shown, over the past several months, that a majority of voters think Republicans and Trump are ultimately responsible for healthcare.
Whether costs go up, whether Obamacare stays in place, whether it's repealed, most people think it's on Republicans now, whatever happens to the healthcare system.