President Trump’s plan to end a key Affordable Care Act (ACA) subsidy will cause health care premiums to spike and insurers to exit the market according to the Congressional Budget Office (CBO), which estimated that the action would cause the federal budget deficit to rise by $6 billion next year and by $26 billion by 2026.
The move will cut payments to health insurers that help millions of lower-income Americans afford coverage and follows an executive order that allows alternative health plans that are exempt from the law's requirements.