The Trump administration said on Thursday it planned to issue $500 in rebates to nearly one million people insured under the Affordable Care Act, describing the money as payments for “overcharges” by the previous administration. A fact sheet posted to the White House website indicated the checks were aimed at Americans who it claimed were “most exposed” to higher Obamacare costs during the Biden administration. People in 30 states who signed up for Obamacare insurance on heathcare.gov and did not receive a federal subsidy would be eligible, the fact sheet said.
The checks are scheduled to be sent next month, just weeks before the midterm elections. So far, the administration has not released an executive order or regulation establishing the rebate program outlined in the fact sheet. The checks would target consumers who faced significant price increases this year, after the Republican-controlled Congress did not extend more generous subsidies, or tax credits, that were approved during the coronavirus pandemic.
Many farmers, ranchers, entrepreneurs and early retirees, people who earn more than around $65,000 a year and do not get health coverage from their jobs, could receive the money. President Trump and congressional Republicans have faced criticism from Democrats over the rising costs of health care, part of a broader critique that the administration’s policies have made everyday life less affordable. Thank you for your patience while we verify access.
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