Trump promises $500 Obamacare rebate checks for 1M enrollees in 30 states

WASHINGTON (AP) — The Trump administration is promising $500 rebate checks to an estimated 1 million Affordable Care Act enrollees across 30 states, whom the White House alleges were overcharged by the Biden administration for exchange fees.

The promise comes after Trump pledged Wednesday to send every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections and as affordability has become a central issue for voters heading into November.

“The relief begins with refunding everyone who was overcharged and the rebates are going out in just a few weeks,” President Donald Trump said in a recorded address released on the White House X account Thursday.

In a fact sheet, the White House claimed that former President Joe Biden's administration “accumulated a significant surplus of funds that were not used to benefit the Americans who paid these higher premiums.”

It is unclear where the money for the rebates would come from and whether it requires congressional approval for disbursement.

Trump’s announcement comes as the price of ACA insurance has skyrocketed for many Americans during his own second term. The Trump administration opposed extending COVID-era subsidies that had helped offset the costs of health insurance for most enrollees during Biden’s term.

After the Republican-led Congress allowed the subsidies to expire this year, premiums doubled or tripled for many enrollees, prompting millions to downgrade their plans or exit the program entirely .

Officials at the Centers for Medicare and Medicaid Services did not respond to Associated Press requests for comment, and a White House official referred back to the fact sheet.

Roughly 19 million people receive insurance through the Affordable Healthcare Act exchange.