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Gerry Broome / AP

The issue:

President Trump and many Republicans in Congress say the Affordable Care Act is "imploding" due to some health insurer exits and higher premiums in the individual market.

The facts:

S&P Global Ratings analysts looked at financial data at Blue Cross and Blue Shield companies, which serve as the anchors for most ACA marketplaces. S&P reported the Blues' gross profit margins for the individual market went up in 2016. The Kaiser Family Foundation also found that insurance companies improved the financial stability of their ACA plans in 2016, although a lot of uncertainty remains in the marketplaces.

Why it matters:

The ACA marketplaces had problems in the first two years, such as the technological meltdown of HealthCare.gov in the first year. And middle-class people who make too much to qualify for subsidies are feeling the pain of higher premiums and high deductibles in many areas. But the recent reports show the individual insurance market is not imploding. Enrollment has been stable, and insurers are not losing as much money after setting premium prices too low in the beginning.

Go deeper

Several states declare emergency over Colonial Pipeline shutdown

A sign warns consumers on the avaliability of gasoline at a RaceTrac gas station in Smyrna, Georgia, on May 11. The average national price of gasoline has risen to $2.985 a gallon, Bloomberg notes. Photo: Elijah Nouvelage/AFP via Getty Images

Reports of fuel shortages across the U.S. emerged on Tuesday as the national average for gasoline prices soared to its highest level since 2014 amid a key fuel pipeline shut down, per Bloomberg.

What's happening: Operator Colonial Pipeline aims to have service restored by the week's end following last Friday's ransomware attack that shut down some 5,500 miles of pipeline from Texas to New Jersey. The governors of Florida, Georgia, Virginia and North Carolina declared states of emergency Tuesday due to shortage concerns.

Reports: More than 100 Republicans threaten to form 3rd party over Trump

Former President Trump addressing the Conservative Political Action Conference in Orlando, Florida, in February. Photo: Joe Raedle/Getty Images

More than 100 Republicans will sign a letter Thursday threatening to create a third party if the GOP doesn't "break" with former President Trump, Reuters first reported.

Why it matters: Per Axios' Mike Allen and Jim VandeHei, Trump's grip on the GOP has gotten stronger since the Jan. 6 Capitol riot. The Republican Party's "allegiance to Trump" as he continues to make false claims about his 2020 election loss has "dismayed" the group, according to Reuters.

Updated 3 hours ago - World

In photos: Dozens dead as Israel and Hamas intensify aerial bombardments

People gather at the site of a collapsed building in the aftermath of Israeli air strikes on Gaza City on May 11. Photo: Mahmud Hams / AFP) (Photo by MAHMUD HAMS/AFP via Getty Images

At least 35 Palestinians and five Israelis have been killed as fighting between Israel's military and Hamas entered a third day, per Reuters.

The big picture: The worst aerial exchanges of fire between Israel and Hamas since 2014 come after escalating violence in Jerusalem that injured hundreds of Palestinians and several Israeli police officers during protests over the planned evictions of Palestinian families from their homes.

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