On Monday, President Trump told reporters that ObamaCare is dead, killed by his executive orders last week. Because he ended the cost-sharing reductions (CSRs) to insurance companies, used to subsidize health care for millions of low-income customers — 70 percent of whom live in states Trump won — "there is no such thing as ObamaCare anymore," Trump said. His action prompted Congress to start working on a short-term fix, he added, instead of "having lunch and enjoying themselves." A minute later, Trump blamed the purportedly dead law for insurers raising premiums:
Sadly, the Democrats can't join us on that which will be the long-term fix, but I do believe we will have a short-term fix because I think the Democrats will be blamed for the mess. This is an ObamaCare mess. When the premiums go up, that has nothing to do with anything other than the fact that we had poor care delivered poorly, written poorly, approved by the Democrats. [Trump]
The Congressional Budget Office predicted in August that ending the CSRs would raise premiums and the federal deficit, and on Monday, Pennsylvania's insurance commissioner announced that rates on ObamaCare exchanges will rise an average of 30.6 percent, rather than 7.6 percent, "due to President Trump's refusal to make cost-sharing reduction payments for 2018 and Congress' inaction to appropriate funds." Trump said he thinks Republicans will still "get the health care done," adding that while most GOP senators "are really, really great people ... a few people disappointed us. Really, really disappointed us. I can understand how Steve Bannon feels."
Over the weekend, incidentally, Bannon told the Values Voters Summit he feels that ending the CSRs will "blow up" the ObamaCare exchanges. Peter Weber
Bannon tells 'Values Voters Summit' Trump pulled CSR payments to 'blow up' Obamacare exchanges, make prices skyrocket. pic.twitter.com/pt4pjhYZoW
— Josh Marshall (@joshtpm) October 15, 2017