Trump vows to cut health care subsidies and health insurance coverage for millions

President Donald Trump is pledging to cut federal health care payments to health insurance companies, a pledge he made during his campaign and is promising to make as he seeks reelection in 2020.

| AP Photo Trump’s health care proposal would reduce Medicaid funding for the poor, seniors and the disabled, the Hill reports.

| Photo: AP source The Washington Post title Trump pledges to cut Medicaid funding and health care coverage for the middle class article Trump is promising that his healthcare proposal will eliminate Medicaid funding, which is funded by the federal government.

| Courtesy: AP, The Hill, CNN, The Associated Press article Trump will also eliminate Medicare and other entitlement programs, including Social Security, the Washington Post reports.

The Washington Post article President Trump said on Tuesday he will eliminate federal funding for Medicare and Medicaid, calling the two programs a “disaster.”

| AP, AP source Getty Images President Donald J. Trump delivers remarks at a campaign rally on Aug. 22, 2020, in Grand Rapids, Mich.

| JIM WATSON/AFP/Getty Images President Trump will sign a bill to roll back the Affordable Care Act, or Obamacare, by the end of the year, a senior administration official said on Wednesday, in a move that would likely increase pressure on congressional Republicans to act on the issue.

| Associated Press, AP, Reuters, AFP/GettyImages President Donald Trumps health care plan would also cut federal funding to health insurers, which covers the majority of Americans, the Associated Press reports.

The White House and the Congressional Budget Office have estimated the repeal of the health care law will cost $800 billion in the first 10 years.

The House GOP plans to vote on its own version of the bill later this month, but Republicans have not agreed on the specifics of how the plan will be financed.

Republicans are struggling to pass their own repeal bill, and House Speaker Paul Ryan said Wednesday that a compromise may be in the offing.

Ryan told reporters he would seek to pass legislation in the coming weeks, although he did not say what the final legislation would be.

He said that the legislation will include a provision to repeal Obamacare’s individual mandate that requires Americans to have health insurance, a provision that has been criticized as a violation of the rights of individuals.

Ryan said he believes the legislation, which he said will be signed by the president by Friday, would have a similar effect on people who are currently covered by insurance.

Democrats and some Republicans have said that repealing the health law is an essential first step in reversing the damage it has done to the nation.

The Trump administration is expected to announce more details about its repeal plan during the weekend.

Trump announced his plan in a Twitter post, writing: “I am proud to sign this massive healthcare bill into law tomorrow.

The American people will be proud of this historic step forward.”

The president’s announcement came a day after the Senate passed its own bill that would repeal and replace the Affordable Act, the first major legislative accomplishment of Trump’s first year in office.

| REUTERS/Joshua Roberts

President Donald Trump is pledging to cut federal health care payments to health insurance companies, a pledge he made during…

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