Oct 13, 2017

Report: Trump to end Affordable Care Act insurer subsidies

Photo: Evan Vucci / AP

President Trump plans to end subsidy payments to insurers selling plans under the Affordable Care Act, Politico's Josh Dawsey reports. The subsidies were worth about $7 billion this year, and ending them would be the most aggressive step Trump has taken yet to dismantle the ACA.

Why it matters from Axios health care editor Sam Baker: If Congress doesn't step up and guarantee this funding, expect insurance companies to raise their premiums dramatically; leave at least some of the ACA's marketplaces altogether; and potentially sue the administration for withholding payments the law says they're supposed to receive.

Earlier today, Trump signed an executive order expanding access to more loosely regulated insurance options with low premiums, another move that could undermine the ACA insurance markets.

Go deeper

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

Countries where novel coronavirus cases are falling may be hit with a "second peak" if they relax restrictions too soon, World Health Organization emergencies chief Mike Ryan warned during a briefing Monday. "We're still very much in a phase where the disease is actually on the way up," he added.

By the numbers: Brazil on Monday recorded for the first time more deaths from the novel coronavirus in a single day than the United States, Reuters notes. Brazil reported 807 deaths from COVID-19 in the past 24 hours, compared to 620 in the U.S. for the same period.

Palantir CEO reflects on work with ICE

Palantir CEO Alex Karp told "Axios on HBO" that there have "absolutely" been moments he wished the company hadn't taken a contract with Immigration and Customs Enforcement (ICE).

  • "Did I suffer? ... I've had some of my favorite employees leave," Karp told "Axios on HBO."

Michigan governor won't apologize for coronavirus lockdown

Michigan Gov. Gretchen Whitmer defended the strictness of her state's coronavirus lockdown in an interview with "Axios on HBO," saying it was necessary — despite the protests that have drawn national attention — because of how quickly the state's cases were rising.

The big picture: Whitmer, who has been a frequent target of President Trump, insisted that she had to act in the face of a lack of federal leadership — and that thousands more people in her state would have died without the lockdown.