• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipPolitics

Trump Escalates Threat to Cut Health Care Subsidies by Taking Aim at Insurers

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
July 31, 2017, 9:50 PM ET
U.S. President Trump awards the Medal of Honor to James McCloughan during a ceremony at the White House in Washington
U.S. President Donald Trump awards the Medal of Honor to James McCloughan, who served in the U.S. Army during the Vietnam War, during a ceremony at the White House in Washington, U.S. July 31, 2017. REUTERS/Joshua Roberts - RTS19WJRJoshua Roberts—Reuters

U.S. President Donald Trump took aim at insurers on Monday in an escalating threat to cut the health care subsidy payments that make Obamacare plans affordable, after repeatedly urging Republican senators to keep working to undo his Democratic predecessor’s healthcare law.

“If ObamaCare is hurting people, & it is, why shouldn’t it hurt the insurance companies & why should Congress not be paying what public pays?” Trump, a Republican, wrote on Twitter.

Trump, frustrated that he and Republicans have not been able to keep campaign promises to repeal and replace Obamacare, has threatened to let it implode. So far, the administration has continued to make the monthly subsidy payments, but withholding them would be one way to make good on Trump’s threat.

Republican Senator Rand Paul told reporters on Monday he spoke to Trump by phone and the president was considering taking executive action to address problems with the healthcare system.

Paul said he told Trump he thought he had the authority to create associations that would allow organizations – such as the AARP that represents retirees, or the U.S. Chamber of Commerce – to offer group health insurance plans.

The White House declined to comment on matter.

On Capitol Hill, Senate Finance Committee Chairman Orrin Hatch said senators were too divided to keep working on healthcare overhaul legislation, and that he and other senior Republicans would take that message to the White House.

For more on health care, watch Fortune’s video:

“There’s just too much animosity and we’re too divided on healthcare,” Hatch said in an interview. He said lawmakers could return to a healthcare overhaul later but for now should pivot to tax reform.

Some senators were not ready to drop healthcare, however.

Senator Bill Cassidy, Republican of Louisiana, met with Health and Human Services Secretary Tom Price and several Republican state governors at the White House on Monday to discuss a proposal Cassidy and others have made to send federal healthcare funds to the states in grants, Cassidy told reporters.

But Cassidy said he had not discussed bringing his proposal to the Senate floor with Senate leaders. And the third-ranking Republican senator, John Thune, told reporters Monday evening that until there is a proposal that can win a majority of senators’ support, “I think we’ve had our vote and we’re moving onto tax reform.”

Hatch, in the interview with Reuters, also said he thought Congress would have to approve new funds for the government’s cost-sharing reduction subsidies to insurers that Trump had been threatening to end. These subsidies lower the price of health coverage for the poor under the Affordable Care Act, known as Obamacare.

Insurers have asked the government to commit to making the $8 billion in payments for 2018, saying they may raise rates or leave the individual insurance marketplace if there is too much uncertainty.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

How Chris Ong helped Seatrium emerge from a messy merger between two shipyards to become a profitable offshore oil and wind giant
AsiaAsia Agenda
How Chris Ong helped Seatrium emerge from a messy merger between two shipyards to become a profitable offshore oil and wind giant
By Nicholas Gordon and Angelica AngApril 23, 2026
7 hours ago
Spotify just turned 20. Here’s how founder Daniel Ek built it into a $100 billion music empire by being the ‘least powerful person’ at the company
Big TechSpotify
Spotify just turned 20. Here’s how founder Daniel Ek built it into a $100 billion music empire by being the ‘least powerful person’ at the company
By Marco Quiroz-GutierrezApril 23, 2026
7 hours ago
ken
Commentary250 Years of Innovation
The longevity revolution is here. Our systems still think we die at 65
By Ken DychtwaldApril 23, 2026
8 hours ago
anirudh
Conferencesdisruption
Cadence CEO on the AI boom and human nature: ‘there are more tools, but the human part is not different’
By Nick LichtenbergApril 23, 2026
8 hours ago
Meta, Microsoft look to trim workforces amid heavy AI spending
Big TechMeta
Meta, Microsoft look to trim workforces amid heavy AI spending
By Kurt Wagner, Brody Ford and BloombergApril 23, 2026
9 hours ago
Esther, Janet, Susan, and Anne Wojcicki stand in formal dresses and pose.
SuccessLeadership
‘Godmother of Silicon Valley’ Esther Wojcicki, mother of the YouTube and 23andMe CEOs, shares her secret to raising future leaders 
By Jacqueline MunisApril 23, 2026
9 hours ago

Most Popular

When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historian
Economy
When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historian
By Eleanor PringleApril 23, 2026
17 hours ago
Officials will flush 50,000 toilets to flood a Utah lake in order to generate electricity
Environment
Officials will flush 50,000 toilets to flood a Utah lake in order to generate electricity
By Mead Gruver, Dorany Pineda and The Associated PressApril 22, 2026
1 day ago
Cursor’s 25-year-old CEO is a former Google intern who just inked a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just inked a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezApril 22, 2026
1 day ago
Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account
Success
Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account
By Emma BurleighApril 23, 2026
13 hours ago
Craving work-life balance is a huge red flag, says Fortune 500 Europe CEO—and like Barack Obama, he happily works through weekends
Success
Craving work-life balance is a huge red flag, says Fortune 500 Europe CEO—and like Barack Obama, he happily works through weekends
By Orianna Rosa RoyleApril 22, 2026
2 days ago
The Iran war is pushing Southeast Asia to debate the once unthinkable: Whether ships will need to pay to transit the Strait of Malacca
Economy
The Iran war is pushing Southeast Asia to debate the once unthinkable: Whether ships will need to pay to transit the Strait of Malacca
By Angelica AngApril 23, 2026
17 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.