President Trump Goes Nuclear On Healthcare As “ObamaCare Is Imploding”

President Trump is taking the nuclear option on ObamaCare by cutting off cost-sharing reduction payments. Here’s the latest…

Some executive action last night, some trademark Real Donald Trump Tweets this morning, and healthcare has been abruptly thrust into chaos.

Here is some of ABC’s take on the actions that have taken place since yesterday evening:

The “cost-sharing reduction payments,” worth an estimated $7 billion this year, are intended to reduce out-of-pocket costs for low-income Americans on Obamacare.

These subsidies are paid out in monthly installments and cutting them will likely further roil the already unstable insurance market. The nonpartisan Congressional Budget Office (CBO) has determined such a move would immediately bump up the number of uninsured people.

White House Press Secretary Sarah Sanders said in a written statement that the Departments of Justice and Health and Human Services concluded that it would be unlawful to continue the payments, because there are no appropriations. Both Attorney General Jeff Sessions and Acting Health and Human Services Secretary Eric Hargan released statements to that effect — saying the payments overstepped legal bounds because Congress is responsible for appropriating money.

“The Government cannot lawfully make the cost-sharing reduction payments,” Sanders said. “The United States House of Representatives sued the previous administration in Federal court for making these payments without such an appropriation, and the court agreed that the payments were not lawful.”

This morning, President Trump let it be known ObamaCare is now imploding:

Two hours later, the President doubled-down:

Sure enough, the MSM is up in Twitter arms:

“Economist” Paul Krugman has gone full political with a dose of Vanity Fair:

CNN is in panic mode:

And Reuters even more so:

 

Here’s CNBC’s Take: