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Trump signs executive order weakening Obamacare, subsidies for low incomes

By Denis Slattery and Jason Silverstein,

Sick of waiting for Congress to kill Obamacare, President Trump is prescribing a double dose of moves that are sure to weaken his predecessor’s signature health care law.

Trump will halt subsidy payments to insurers who sell coverage under the law — a long threatened maneuver that could jack up costs for low-income and ailing patients and upend insurance markets.

Word of the market-rattling action, effective immediately, came hours after the President signed an executive order that calls for cheaper policies with fewer benefits and fewer protections for consumers.


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