Halt In Subsidies For Health Insurers Expected To Drive Up Costs For Middle Class

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Updated at 11:29 a.m. ET President Trump's decision Thursday to end subsidy payments to health insurance companies is expected to raise premiums for middle-class families and cost the federal government hundreds of billions of dollars. The administration said it would stop reimbursing insurers for discounts on co-payments and deductibles that they are required by law to offer to low-income consumers. The reimbursements are known as cost-sharing reduction payments, or CSRs. Insurance companies still have to give the discounts to low-income customers. So if the government doesn't reimburse the insurers, they'll make up the money by charging higher premiums for coverage. The subsidy cut was the second swipe the White House took at the Affordable Care...

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