President Trump announced that his administration will be providing $500 rebate checks to nearly 1 million people who were negatively affected by Obamacare.
In a video shared through the White House’s social media, Trump said, “Our administration has discovered that under ‘Sleepy’ Joe Biden, American households buying health insurance through the Obamacare exchange, which is a disaster, and the healthcare.gov, were massively overcharged, to put it mildly. They were forced to pay excessive fees totaling at least $500 million.”
“Our Administration is doing the right thing and giving the money back to the people who were wrongly ripped off,” Trump added. “Nearly 1 million hardworking Americans in 30 states will soon be getting refunds of $500 each, with a check sent to their home address.”
“We will stop all payments to big insurance and give the money directly to the people, who will then be able to buy better health care at a much lower cost and keep the money, and keep the difference,” he explained. “We’ll have maximum price transparency and require all prices to be posted in plain, beautiful English.”
“The relief begins with refunding everyone who was overcharged, and the rebates are going out in just a few weeks,” Trump further stated.
States to be affected by the program include Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Hawaii, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, West Virginia, Wisconsin, and Wyoming.
According to a fact sheet on the matter, the Biden administration overcharged Americans through plan exchange “user fees” that were then “passed on to consumers in the form of higher premiums, funding the operations of the federal Obamacare exchange far in excess of what was needed to run the exchange.” As a result, the former White House administration “accumulated a significant surplus of funds that were not used to benefit the Americans who paid these higher premiums.”
