President Trump Unveils the HealthCare Plan Congress Should Consider

While running for president in his first term, President Trump promised a plan to repeal ObamaCare and fix the healthcare problem in the U.S. He didn’t get around to unveiling the plan.

Last week, Trump introduced the Great HealthCare Plan, his way of addressing rising healthcare costs. He wants Congress to take a close look at his ideas. Trump’s main idea is for the government to send us cash to put directly into a health savings account.

"Obamacare was designed to make insurance companies rich," Trump said. "I want to end this flagrant scam and put extra money straight into the healthcare savings account in your name, and you go out and buy your own healthcare, and you’ll make a great deal, you’ll get better healthcare for less money — that way you can choose the care that is right for your family.”

The president is also determined to lower prescription drug prices. He also wants insurance companies to be more forthcoming with insurance costs, their own revenues, claims rejections and often long waits for treatment.

White House press secretary Karoline Leavitt said, “If this plan is put in place, every single American who has health care in the United States will see lower costs as a result.”

Dr. Mehmet Oz is the administrator of the Centers for Medicare and Medicaid Services (CMS). Oz said this is the “framework that we believe will help Congress create legislation.”

Republican Sen. Bill Cassidy of Louisiana chairs the Senate Health, Education, Labor, and Pensions (HELP) Committee. He vows to take action on what he calls the “President's affordability agenda.”

Democrats — as expected — are already opposing the plan. They claim it’s a poor substitute for the tax credits that potentially will be lost if Congress refuses to extend them in the next federal government spending bill. Party leaders say this hurts the most vulnerable among us.

Trump’s plan is said to be close to the Lower Health Care Premiums for All Americans Act. It was introduced by Republicans in 2025 and passed the U.S. House of Representatives.

It died in the Senate.

The Congressional Budget Office said it might save $35.6 billion over 10 year period. It will also cause as many as 100,000 people to lose their health insurance. However, premiums for the rest of us might drop by 11% through 2035.

One assessment of Trump’s plan said it could save $50 billion. The same assessment noted it could be as much as $350 billion in the red within a decade.

Source link: Insurance Business America — https://bit.ly/4jNcg4l

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