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Trump cuts off health-insurer subsidy

The effect is likely to be profoundly destabilizing, disruptive and potentially materially damaging to hospitals and those exchanges plans who are still required to offer benefits.

By Zachary Tracer | Updated on October 13, 2017

President Donald Trump’s administration took its most drastic step yet to roll back the Affordable Care Act, cutting off a subsidy to insurers hours after issuing an executive order designed to draw people away from the health law’s markets.

The moves — which critics call deliberate attempts to sabotage the law — come just weeks before Americans will be able to start signing up for coverage for 2018. They follow other steps the Trump administration has taken, such as slashing advertising and outreach budgets to bolster enrollment in Obamacare plans, as well as planning outages of the website where people can sign up.

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