Governor Rick Snyder says he’s concerned that President Trump’s decision to end subsidies that help low-income families pay for health insurance could make rates unaffordable.
Snyder says more study is needed to determine the state’s next move, but he hopes Congress will act quickly to settle things.
“I think there are reforms needed to the Affordable Care Act,” he said. “Some parts have worked well, others need more work, and the part that needs more work has been in the insurance markets. This makes it more challenging, but hopefully it gets to the point where Congress could hopefully do some bipartisan actions to improve things.”
About 156,300 Michigan consumers have subsidized health plans. It’s estimated the loss of the subsidies would cause their rates to spike by 28 percent.
The subsidies are already the subject of lawsuits. And there could be more legal action to challenge the presidential order to immediately end the subsidies.