President Donald Trump is set to reveal the “framework” of his new health care plan aimed at addressing the rising costs associated with the Affordable Care Act.
According to a report by MS NOW, the announcement is anticipated as early as Monday at the White House, with Trump alongside Dr. Mehmet Oz, the administrator for the Centers for Medicare and Medicaid Services.
The proposal, known as the “Healthcare Price Cuts Act,” seeks to prevent spikes in ACA premiums, affecting nearly 22 million Americans as subsidies approach their expiration at the end of the year.
Senate Majority Leader John Thune and House Speaker Mike Johnson are expected to be briefed on the plan, the report said. The Republican-led initiative introduces measures aimed at curbing “surprise premium hikes” and eliminating “zero-premium” subsidies to counter alleged fraudulent enrollments.
Additionally, the proposal includes a deposit program meant to encourage lower-premium options on the ACA exchange, redirecting savings into taxpayer-funded Health Savings Accounts.
Polling data from KFF indicates broad public support for extending ACA tax credits, with substantial backing even across party lines. Meanwhile, Trump seeks congressional backing for a separate bill to enshrine the “Most Favored Nation” drug-pricing policy into law, according to the report.
Elevance Health (ELV), UnitedHealth Group (UNH), CVS Health’s Aetna (CVS), Centene (CNC), Molina Healthcare (MOH), and Oscar Health (OSCR) are among the largest insurers with ACA marketplace businesses.
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