cost situation changed so much or they can do what ty ve been doing exit affordable care marketplace ente martnd no longer sell plans to individuals. so that s part of what the issue is with these cost sharing subsidies. let s bring into the discussion a practicing physician with johns hopkins university. she was deputy staff director for health education, labor and pensions committee chaired by senator ted kennedy. good to see you, thanks for being with us. thanks for having me. this is a way to kill obamacare without killing obamacare through legislation. that s right. as you said, these aren t bailouts, these are really payments to offset the out of pocket cost for low income families. so in a way, this is sort of a back door to getting to government paying for health care, because the government is subsidizing people who can t pay their premiums. is this the most elegant way to do it? we ve created back door killing
single word from john mccain last week. no. president trump is not giving up yet. he says that obama care is i m employeding. in an effort to change votes in congress, he is now threatening to end the employer contribution for law marijuanas. garrett hach, what are you making out from lawmakers after the president is not only threatening them by taking away their benefits, but saying he will get rid of cost sharing subsidies. a lot of folks who are taking advantage of those are in places where president trump won. i think there is huge political risk there. we re seeing two plans take shape here that are worth
airports as police continue to inveigate eincident. also today republican senator john mccain begins trt for an aggressive brain tumor. his office says he s expected to return to washington by the end of the august recess. jury deliberations have begin in the trial of martin shkreli. he s called most hated man in america for spiking lifesaving aids drug. we ll bring you the verdict as soon as it comes out. we ve been talking about the president s laser focus on health care. a series of criticisms against senate republicans he threatened something else that would destabilize insurance market, cost sharing subsidies. president trump tweeted if a new health care bill is not approved quickly bailouts for insurance companies and bailouts for members of congress will end very soon. i m going to leave the members of congress thing out for a moment. i want to talk about cost sharing subsidies and who wins and who loses. we talked a little with chris
. okay. with the battle to repeal obamacare essentially over for now, the president has warned many times even today that ellet obamacare implode. i just need you to understand there is actually a way that he can do that. and there are a couple ways he can do that and it s important that you know that. one of them is to stop the cost sharing subsidies. these are subsidies that are paid to insurance companies, sort of to encourage them to participate in obamacare and make up for disruptions to their bottom line that they might be feeling. so they can stop the subsidy payments. they have already implied that this might happen, which has played into the decision of some insurance companies not to be participants in the individual exchanges. so this imploding of the insurance market, some of that is due to that conversation. the second one is to stop enforcing the individual mandate. this is the money that individuals or families pay in order to not pay for insurance. this is how you buy
to. that should be done? well, i think it s important, as you say, that the subsidies be paid. and i just want to correct a slight misunderstanding about subsidies. subsidies are actually for those individuals buying their own coverage who income level is below 4100% of poverty. they get some help with the cost of their premium. they actually see a reduced premium. but the way the law works, the insurance companies front that money and then get repaid. so it really isn t money that goes to the insurance companies. it s money that ultimately helps customers. right. and if those cost sharing subsidies are stopped, and the trump administration has been doing it a month at a time, leaving lots of uncertainty, if they re stopped, lots of companies just won t sell plans next year, because it s about a $7 billion a year hit to the bottom line of insurance