The Democrats are scrambling to fix their Obamacare mess, and their latest moves are a disaster.
| Getty Trump’s latest move: A bailout for Obamacare.
The White House has announced it is offering up to $1 trillion in aid to insurers as a way to stabilize Obamacare markets.
The offer is one of many attempts by the Trump administration to get the law to work, but the administration has not made clear what its strategy will be.
The president is threatening to withhold millions of dollars from insurers and the insurance industry if insurers don’t work with the administration on any sort of fix.
Trump also has threatened to withdraw millions of Americans from their subsidies, including the millions of people receiving health insurance through the individual market.
The move is likely to anger many insurers, who fear that it will put them out of business.
The administration is also proposing to limit tax credits to low-income people.
And the administration is expected to propose cuts to Medicaid.
It is not clear what the GOP plan will do, and Democrats and the Congressional Budget Office are still working out the details.
The bill’s fate is in the hands of Republicans, who have not given the administration the kind of detailed details needed to sell the legislation.
They will need to pass their own version of the bill, which will need more than $1.5 trillion in spending.
Trump has repeatedly said he will sign the bill and has promised to do so “as soon as possible.”
But it will take him weeks to get there.
| More headlines