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Evan Vucci / AP

House Speaker Paul Ryan said yesterday that the Trump administration could use its "discretion" to keep paying insurers for those cost-sharing reduction subsidies they have to give to low-income Obamacare customers. So, yay, problem solved, right?

Not really. Insurers really want to hear that directly from the Trump administration, and they haven't. Until they do, they're not making any decisions about staying in the Obamacare marketplaces next year. And Health and Human Services secretary Tom Price wouldn't answer questions about this at Wednesday's HHS budget hearing. He said he couldn't because he's a party to the House GOP lawsuit challenging the subsidies — which Ryan said the House isn't dropping.

Here's what insurance officials told me:

  • Margaret Murray, CEO of the Association for Community Affiliated Plans, which represents safety-net health plans: "We need a clear, unambiguous statement from Congress and the administration that they're going to fund the payments, and we have not received that."
  • Ceci Connolly, CEO of the Alliance of Community Health Plans, which represents not-for-profit insurers that are run by providers: "Speaker Ryan's comments are encouraging but not clear enough for companies to make solid business decisions. If the House maintains its lawsuit and the Trump administration drops the appeal, millions of working families will lose these vital subsidies."

Why it's so hard to solve: Re-upping Caitlin's piece about how Republicans got themselves into this mess, but you should also read Nicholas Bagley's plain-English explanation of why the House and the Trump administration can't just let the whole thing drop, even if they wanted to.

Go deeper

Fed signals it could yank economic support quicker as inflation sticks around

Federal Reserve chairman Jerome Powell testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee today. Photo: Alex Wong/Getty Images

The Federal Reserve will consider pulling back economic support sooner "as the threat of persistently high inflation has grown," chair Jerome Powell said during a congressional hearing on Tuesday.

Why it matters: This is the biggest signal yet the Fed is backing away from its stance that soaring prices would be fleeting — a change that could shift its policies that underpin the economy.

Felix Salmon, author of Capital
Updated 1 hour ago - Economy & Business

Crypto meets the real world

Illustration: Megan Robinson/Axios

The two largest countries in the world seem intent on effectively banning their citizens from participating in crypto, which poses a serious threat to the crypto agenda.

Why it matters: The crypto world is global — but the real world is fragmented into nation-states, each of which claims control of what happens within its borders.

Meadows cooperating with House Jan. 6 select committee

Mark Meadows. Photo: Yuri Gripas/Bloomberg via Getty Images

Former White House Chief of Staff Mark Meadows is cooperating with the House select committee in charge of investigating the Jan. 6 Capitol insurrection, the panel said Tuesday.

Driving the news: Meadows, who failed to appear before the panel earlier this month, is believed to have insight into former President Trump's role in efforts to stop the certification of President Biden's election win.