If you had any doubts that Trump is operating in a zone where reality simply doesn't exist anymore, read John Marshall's transcript of Trump's remarks on Obamacare from Monday.
Health care is moving along. That was a subsidy to the insurance companies and a gift that was what they gave the insurance companies. Take a look at where their stock was when Obamacare was originally approved and what it is today. You will see numbers that if you invested in the stocks, you would be extremely happy. They have given them a total gift. They have given them — you can almost call it a pay off. It’s a disgrace. That money goes to the insurance companies. We want to take care of poor people and people that need help with health care.
I’m never going to get campaign contributions from the insurance companies, but take a look at how much money has been spent by the Democrats and by the health companies on politicians generally, but take a look at the coffers of the Democrats.
The CSR payments have actually brought Republicans and Democrats together. We got calls, emergency calls from the Democrats and I think probably the Republicans were also calling them saying let’s come up with at least a short-term fix of health care in this country. And the gravy train ended the day I knocked the insurance companies’ money. Which was last week. Hundred of millions of dollars handed to the insurance companies for very little reason. Believe me. I want the money to go to the people, to poor people that need it. Not to insurance companies which is where it’s going, as of last week I ended that. We have a lot of interesting things to do. I’m meeting with Mitch McConnell for lunch and we will say a few words after that.
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We need health care. We’re going to get the health care done. In my opinion what’s happening is as we meet Republicans are meeting with Democrats because of what I did with the CSR. I cutoff the gravy train. If I didn’t cut the CSRs, they wouldn’t be meeting. They would be having lunch and enjoying themselves. They are right now having emergency meetings to get a short-term fix of health care. Where premiums don’t have to double and triple every year like they’ve been doing under Obamacare. Because Obamacare is finished. It’s dead. It’s gone. You shouldn’t even mention it. It’s gone. There is no such thing as Obamacare anymore. I said this years ago. It’s a concept that couldn’t have worked. In its best days it couldn’t have worked.
Donald Trump believes he is saving the country from mean ol' insurance companies and that he will be celebrated as one of the greatest presidents in history for saving America from Obamacare. He considers it dead, he considers the battle won, that we'll shower him with praise for unraveling the insurance markets by ending CSR subsidies.
He's bonkers. As Ezra Klein notes, Trump couldn't be doing a better job of sabotaging himself.
President Donald Trump's cancellation of Obamacare’s cost-sharing reduction paymentswill increase premiums by 20 percent, cost the government $194 billion in higher subsidy payments, widen the deficit, destabilize insurance markets, increase the number of uninsured Americans, and cause chaos in health markets in the runup to the 2018 election. There is literally nothing in the health care system it makes better; it's pure policy nihilism. So why did Trump do it?
One theory goes that Trump does not believe the payments are constitutional when made in the absence of congressional authorization. This is a widely held view among Republicans, and it has received some affirmation from the courts. But coming in a week when Trump called freedom of the press “disgusting” and mused about yanking NBC’s broadcasting license in retaliation for a story he didn’t like, it has been a hard argument for advocates to make with a straight face. The other problem with this view is that Trump is not pushing Congress to authorize the payments and end any doubt over their legality — he is simply canceling them.
Which brings us to the second theory, which comes from Trump himself and is more plausible. Trump has long held the view that if he can inflict sufficient damage to the Affordable Care Act, Democrats will have no choice but to cut a deal — on Trump’s terms — to save it.
Except as a whole hell of a lot of people have pointed out Trump doesn't need the Democrats to do a damn thing to repeal Obamacare. He needs Mitch McConnell, not Chuck Schumer, and the GOP still can't get that done.
So now Trump is convinced that in order to stop Trump from destroying health care coverage for millions of Americans, Democrats will help him and vote to take health care coverage away from tens of millions of people, because this is all the fault of Democrats.
Like I said, bonkers.
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