UPDATE 2-Trump scraps key Obamacare subsidies, urges Democrats to fix 'broken mess' [Reuters]
Anthem, Inc. (ANTM)
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Source: Reuters
Trump scraps key Obamacare subsidies, urges Democrats to fix 'broken mess' | Reuters 6 Min Read WASHINGTON (Reuters) - U.S. President Donald Trump on Friday urged Democrats to make a healthcare deal after cutting off Obamacare subsidies to health insurance companies for low-income patients in a forceful move that sparked threats of legal action and concern of chaos in insurance markets. “ObamaCare is a broken mess,” Trump tweeted early on Friday. “Piece by piece we will now begin the process of giving America the great HealthCare it deserves!” The decision is the most dramatic action Trump has taken yet to weaken the Affordable Care Act, President Barack Obama’s signature healthcare law, which extended insurance to 20 million Americans. The move drew swift condemnation from Democrats and threats from state attorneys general in New York and California to file lawsuits. Trump, a Republican, urged opponents to reach out to him. “The Democrats ObamaCare is imploding. Massive subsidy payme
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