Trump admin to send $500 checks to nearly 1 million ACA enrollees
Summary
The Trump administration plans to send $500 checks to nearly 1 million people who have health insurance through the Affordable Care Act (ACA) to help lower healthcare costs. These payments are refunds for fees that increased insurance premiums, and they will start going out in October before the November midterm elections.Key Facts
- The Trump administration will send $500 payments to about 1 million ACA enrollees in 30 states.
- The checks are refunds for exchange "user fees" that increased ACA insurance premiums.
- Payments will begin in October, ahead of the midterm elections in November.
- The goal is to reduce healthcare costs for Americans.
- Monthly ACA premiums have increased after Congress let coverage subsidies expire.
- About 5% of the 19 million people with ACA insurance will receive the payments.
- Many ACA enrollees have faced higher premiums, deductibles, and copays this year.
- President Trump also promised a $5,000 payment to every U.S. adult if Republicans keep control of Congress.
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