The Trump administration has begun sending $500 refund checks to nearly 1 million Americans who were overcharged for ObamaCare insurance.
The Treasury Department’s checks will be sent to over 950,000 Americans across 30 states, along with a signed letter from the president. President Donald Trump originally announced the refund checks in an earlier video posted by the White House during the Republican midterm convention on Sept. 10.
“For years, the Biden administration overcharged you to fund the operation of HealthCare.gov,” the letter reads, according to USA Today. “That money belongs to hard-working Americans, not the Government, and now I’m returning it to you!” (RELATED: Healthcare Workers Are Dropping Health Insurance As Affordability Crisis Drags On)
These refunds are separate from the $5,000 checks Trump vowed to give every American adult if Republicans win in the midterms.
President Donald J. Trump announces $500 rebate checks to nearly 1 million hardworking Americans who were wrongly overcharged through Obamacare.
"Our Administration is doing the right thing and giving the money back to the people who were wrongly ripped off." pic.twitter.com/XWA1wlzRH8
“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,” Trump said. “They were forced to pay excessive fees totaling over 500 million dollars.”
“Our administration is doing the right thing and giving the money back to the people who were wrongly ripped off,” Trump added. (RELATED: The Real Reasons Why You Keep Paying More For Employer Healthcare)
Trump also endorsed the Republicans’ healthcare legislation, known as The Great Healthcare Plan, which he said will lower drug prices, reduce insurance premiums, and bolster industry transparency.
“We will stop all payments to big insurance and give the money directly to the people who will then be able to buy better healthcare at a much lower cost and keep the money, and keep the difference,” Trump said. “We’ll have maximum price transparency and require all prices to be posted in plain, beautiful, English.”
“We will get insurance companies to disclose their profits and how many claims they deny so we know the good ones from the bad,” Trump added. “But the relief begins with refunding everyone who was overcharged.”









