US to issue $500 Obamacare refunds to nearly a million Americans

Obamacare plans, created by former President Barack Obama's signature Affordable Care Act, are subsidized based on income.

The White House said the Biden Administration overcharged Americans through Obamacare plan exchange "user fees" that were passed on to consumers in the form of higher premiums.

"In many cases, these refunds will cover the entire spike in your insurance caused by Democrats, who solely work to protect big insurance companies," Trump said in a video posted by the White House on social media platform X.

"Our administration is doing the right thing and giving the money back to the people who were wrongly ripped off."

The refunds would go to consumers in 30 states who do not receive premium subsidies and purchased coverage through the federal marketplace, called Healthcare.gov, where people sign up for the plans.

The states, many of which are Republican-led, are Alabama, Alaska, Arizona, Arkansas, Delaware, Florida, Hawaii, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah, West Virginia, Wisconsin and Wyoming.