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The action could signal an end to a long-running conflict. Photo: AP file

The Trump administration, House Republicans and Democratic attorneys general have settled a lawsuit over the Affordable Care Act's cost-sharing reduction payments to insurers, Bloomberg reports. The court filing doesn't give any details of the settlement, per Bloomberg, except to say that it's "conditional."

What to watch: It's hard to know the true significance of the settlement when zero details are available. But for California Attorney General Xavier Becerra, one of the Democratic attorneys general involved in the lawsuit, it represents a chance to move forward and try to preserve the subsidies on their merits.

That's because the settlement only applies to a lower court decision stopping the payments until Congress funds them, according to a spokesperson for the California Department of Justice.

From a spokesperson for House Speaker Paul Ryan: "We are gratified that as a follow-up to the executive branch’s acknowledgement that making Obamacare payments to insurers without a congressional appropriation was unlawful, the parties have now agreed to resolve this lawsuit while leaving in place the district court’s legal rulings vindicating the House’s constitutional powers."

This story has been updated with statements from the California Department of Justice and House Speaker Paul Ryan.

Go deeper

Caitlin Owens, author of Vitals
3 hours ago - Health

Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan

Photo: Alex Wong/Getty Images

President-elect Joe Biden has picked former FDA chief David Kessler to lead Operation Warp Speed, a day after unveiling a nearly $2 trillion pandemic relief plan that includes $400 billion for directly combatting the virus.

Why it matters: Biden's transition team said Kessler has been advising the president-elect since the beginning of the pandemic, and hopes his involvement will help accelerate vaccination, the New York Times reports. Operation Warp Speed's current director, Moncef Slaoui, will stay on as a consultant.

The case of the missing relief money

Illustration: Sarah Grillo/Axios

A chunk of stimulus payments is missing in action, thanks to a mix up that put as many as 13 million checks into invalid bank accounts.

Why it matters: The IRS (by law) was supposed to get all payments out by Friday. Now the onus could shift to Americans to claim the money on their tax refund — further delaying relief to struggling, lower-income Americans.

The post-Trump GOP, gutted

McConnell (L), McCarthy (R) and Trump. Photo: Erin Schaff-Pool/Getty Images

Republicans will emerge from the Trump era gutted financially, institutionally and structurally.

The big picture: The losses are stark and substantial.