HARTFORD, Conn. — President Donald Trump followed through on his threats to eliminate subsidies for some of the poorest individuals receiving their health insurance through the Obamacare exchanges.
Since the funding for those cost-sharing reduction payments, which go right to insurance carriers to lower the co-payments, deductibles and co-insurance, were never appropriated by Congress the Trump administration decided to “discontinue” them.
What does this mean for Connecticut?
It means Connecticut’s two insurance carriers won’t receive $50 million to offset the help they give to low-income customers. There are about 48,000 consumers in the state helped by those subsidies.
Read the full story on CT News Junkie.