Economy & Investments, Politics, States

Trump Bails Out Obamacare Victims

The Trump administration is allocating nearly 10 million in leftover funds available to 30 states and the District of Columbia to help them develop their healthcare markets so that they can meet coverage requirements per Affordable Care Act rules. According to a Washington Times report, the funds will be used for hiring, policy review, studies, and expanding healthcare plan options. As predicted, Obamacare has put state in a damn if you do or don’t situation in which compliance is the easier way out for many, despite that health insurance costs have spiked as a result and contrary to what Obama promised. Meanwhile, we’re still waiting for Congress to ‘repeal and replace’.

Here’s more from Washington Examiner…

The Trump administration is making $8.6 million in leftover funds available to states to help develop their Obamacare markets.

The Centers for Medicare and Medicaid Services awarded the grants to 30 states and the District of Columbia so they can meet the requirements set under Obamacare to make sure that plans cover a range of services. The funds are used for hiring, reviewing policies, developing studies, or expanding the number of health plans residents have available to them.

“These grants build on CMS’s ongoing efforts to give states the tools and flexibility they need to help people struggling to afford the year over year premium increases caused by Obamacare regulations,” CMS Administrator Seema Verma said in a statement. “We recognize that states are in the best position to assess the needs of their consumers and develop innovative measures to ensure access to affordable health coverage. These grants make yet another down payment on our work to enhance states’ ability to stabilize and improve their respective health insurance markets.”

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