Trump unveils $500M Obamacare rebates

President Donald Trump announced that his administration will refund $500 million to approximately one million people in 30 states who were allegedly overcharged through the federal health insurance marketplace under the Affordable Care Act. The refunds will be issued as $500 checks in October and relate to excess fees collected from insurance companies, which consumers paid through higher premiums. This move is separate from Trump’s proposal to give a $5,000 dividend to all American adults if Republicans win the upcoming midterm elections.

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