President Donald Trump boasted about ending cost-sharing reduction assistance (CSR) payments, which help millions of poor Americans pay their insurance premiums.
Trump falsely claimed that he is helping poor people by taking away these payments, which will effectively end insurance coverage for millions of Americans:
I knocked out the CSRs. That was a subsidy to the insurance companies. That was a gift that was frankly, what they gave the insurance companies just take a look at their stocks. Take a look where their stock was when Obamacare was originally approved and what it is today.
You’ll see numbers that anybody if you invested in those stocks, you’d be extremely happy. And they have given them a total gift. They have given them you could almost call it a payoff. It’s a disgrace. And that money goes to the insurance companies.
We want to take care of poor people. We want to take care of people that need help with health care. And that’s what I’m here to do. And I’m never going to get campaign contributions I guarantee you that from the insurance companies but a lot of other people got them.
You look at the…take a look at how much money has been spent by the Democrats and on politicians generally. But take a look at the coffers of the Democrats.
So the CSR payments has actually brought Republicans and Democrats together. Because we got calls emergency calls from the Democrats and I think probably the Republicans were also calling them.
CNBC notes: “The attorneys general for New York, California, and more than a dozen other states moved Friday to sue the Trump administration to block the cutoff ofcritical Obamacare payments to health insurers.”