The Trump Administration announced last week that it would end the Affordable Care Act’s subsidies designed to help lower income Americans receive healthcare. This proposal has been met with controversy, and the Senate has now agreed on a short term two year deal to fight this issue, just two weeks before Americans start signing up for 2018 coverage. The bill must still be approved by Congress and signed by President Trump.
What exactly do the subsidies cover?
These subsidies, also referred to as cost sharing reductions, are payments directly made to insurers for subsidizing out of pocket costs, including deductibles for people who make 100-250 % of the federal poverty line and buy a silver plan on the exchange.