The nation’s largest business group is joining doctors, hospitals and insurers in asking President Donald Trump to preserve a key part of “Obamacare,” as his predecessor’s health care law is known.
The U.S. Chamber of Commerce, which has been critical of many parts of the Obama-era law, signed on to a letter Wednesday that asks Trump to keep cost-sharing subsidies provided by the Affordable Care Act. Those subsidies, totaling an estimated $7 billion this year, help lower deductibles and copayments for people with modest incomes.
The letter — also signed by the American Medical Association, the American Hospital Association, America’s Health Insurance Plans and other groups — says the cost-sharing subsidies are critical for the stability of health insurance markets.
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