Trump’s $500 ACA ‘refund’ checks won’t make a dent in rising healthcare costs

Last week, the Trump administration began sending $500 checks to roughly 1 million Obamacare enrollees in 30 states—a “refund” for what the administration calls “high costs imposed by the Biden Administration’s gross mismanagement of Obamacare.” In a video posted to X on September 10, President Trump said that his “administration is doing the right thing and giving the money back to the people who were wrongly ripped off,” adding that “in many cases, these refunds will cover the entire cost o...