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Trump will scrap critical Obamacare subsidy

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Obamacare being killed by TrumpPresident Donald Trump plans to cut off critical subsidy payments to insurers selling Obamacare coverage, according to two people familiar with the matter.

The decision to end the payments, worth an estimated $7 billion this year, marks Trump's most aggressive move yet to dismantle Obamacare after months of failed GOP repeal efforts on Capitol Hill. The move is likely to draw lawsuits and may put pressure on Congress to appropriate funding for the subsidies, which help insurers reduce out-of-pocket costs for low-income Obamacare customers.

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