Wednesday, October 18, 2017

Trump Rejects Health Insurer ‘Bail Out’ — After Praising It

WASHINGTON — President Donald Trump disavowed a bipartisan health care agreement on Wednesday, delivering it a likely fatal blow only a day after he praised its approach and said he had personally encouraged its negotiation.

Sens. Lamar Alexander, R-Tenn., and Patty Murray, D-Wash., had spent weeks working on the bill, which was designed to stabilize insurance markets under Obamacare by guaranteeing cost-sharing reduction (CSR) payments that Trump had recently cut off. In exchange for Republican cooperation, Democrats would agree to modest measures loosening Obamacare regulations and allowing insurers to sell less comprehensive plans to more customers.

In a tweet Wednesday, Trump thanked Alexander and Murray for their efforts, but said he "can never support bailing out [insurance companies]." 

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