Trump says administration will send $500 rebates for Obamacare premiums

President Donald Trump on Thursday announced that his administration would issue $500 rebate checks to about 1 million Americans he said had been wrongly overcharged through the Affordable Care Act.

Administration officials said the funds would be drawn from fees that were used to fund operations of the ACA federal insurance exchange. Thirty states — including Florida, Iowa, Ohio and others expected to be key battlegrounds in November’s midterm elections — use the federal exchanges for their ACA operations.