Millions of dollars from supposed ObamaCare overpayments could soon land in some Americans' bank accounts, with timing that's hard to miss. The Trump administration plans to send $500 rebates to up to 1 million Affordable Care Act enrollees in 30 states ahead of the Nov. 3 midterms, Axios reports. The money will come from a roughly $500 million fund made up of what officials describe as excess fees charged during the Biden administration that insurers have since returned to the government.
The refunds will reportedly be paid out to ACA customers who don't receive premium subsidies. Battleground states with sizable numbers of potential recipients include Texas, Florida, Wisconsin, and Michigan. Trump, who attempted to scrap ObamaCare during his first time around in the Oval Office, is now using it to promote his new healthcare vision of routing more federal dollars directly to consumers, as well as to bolster Republicans as voters fret over high prices and the war in Iran.
Trump also dangled another possible payment to Americans on Wednesday night at the unusual GOP midterms convention: $5,000 to every American adult if Republicans keep both the House and Senate in November. Politico reports that details are scarce on that plan, including on where the money would come for such an enormous mass payout, which would surpass $1 trillion. The New York Times notes that Trump has a history of making promises to Americans for checks coming their way that never quite come to fruition, including a so-called DOGE dividend and a "tariff refund."
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