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Trump promises to send $500 to nearly 1 million Americans for Obamacare 'overcharges'
President Donald Trump announced an initiative to issue $500 direct rebate checks to roughly 1 million Affordable Care Act enrollees across 30 states.
The White House plans to distribute the $500 million in payments beginning in October, targeting enrollees who pay full price for coverage without receiving federal premium tax credits.
Administration officials stated the rebates are funded by excess user fees collected from insurers during the Biden administration that went unspent in federal accounts.
The proposal comes amid sharp increases in ACA premiums following the expiration of enhanced pandemic-era subsidies earlier in the year.
Healthcare advocacy groups and political opponents dismissed the plan as an election-year "gimmick," noting that a one-time $500 check fails to offset the steep rise in overall healthcare costs.
Nearly 1 million Americans enrolled in Obamacare plans will receive payments of $500, while DonaldTrump's government advances with the reimbursement of consumers who would have paid excessive amounts through the federal health insurance market.