Senators Announce Plan for Insurance Markets

Republican and Democratic senators have announced a plan aimed at stabilizing America's health insurance markets in the wake of President Donald Trump's order to terminate "Obamacare" subsidies.

Posted: Oct. 19, 2017 1:09 PM
Updated: Oct. 19, 2017 1:42 PM

WASHINGTON (AP) -- Republican and Democratic senators have announced a plan aimed at stabilizing America's health insurance markets in the wake of President Donald Trump's order to terminate "Obamacare" subsidies.

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Republican and Democratic senators have announced a plan aimed at stabilizing America's health insurance markets in the wake of President Donald Trump's order to terminate "Obamacare" subsidies.

Trump himself has spoken approvingly of the deal, but some conservatives are denouncing it as an insurance company bailout.

Health insurance markets have been in limbo following GOP failures to repeal and replace the Affordable Care Act. Trump announced last week that he would end monthly "cost sharing reduction" payments the government makes to help insurance companies reduce costs for lower-income people.

The deal negotiated by Republican Sen. Lamar Alexander of Tennessee and Democratic Sen. Patty Murray of Washington would continue the insurer payments for two years, while establishing new flexibility for states.

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