Key facts
- President Donald Trump is sending $500 checks to nearly 1 million Americans.
- The checks are for individuals enrolled in Affordable Care Act plans who did not receive taxpayer subsidies.
- Over 950,000 Americans across 30 states will receive the refunds.
- The letter accompanying the checks states the funds are from surplus accumulated by the "Obamacare Premium Tax."
- Trump also mentioned his administration's efforts to lower healthcare costs, including prescription drug discounts and investments in rural healthcare.
President Donald Trump is distributing $500 checks and a letter to nearly a million Americans who were enrolled in Affordable Care Act (ACA) health insurance plans and did not receive taxpayer subsidies. The US Treasury is sending the payments to over 950,000 individuals across 30 states that use the federal health insurance exchange.
In the accompanying letter, Trump states that the Biden administration "overcharged" enrollees to fund HealthCare.gov and that these surplus funds are now being returned. He refers to the payments as a "Historic Action" and a one-time $500 refund from the "Obamacare 'Premium Tax.'"
Trump also highlighted his administration's efforts to lower healthcare costs, including prescription drug discounts, investments in rural healthcare, expanded Health Savings Accounts for Obamacare users, and restored price transparency. He previously announced plans for these refund checks in early September.
The distribution of these checks comes approximately one month before the midterm elections. Trump has also promised a $5,000 "Trump dividend" to every American adult if Republicans maintain control of Congress.