President Donald Trump released his “Great Healthcare Plan” to lower drug prices and insurance premiums.
“It’s called the Great Healthcare because it’s great health care at a lower price mandates, unprecedented accountability, and transparency from insurance companies and all healthcare providers, so that special interests can no longer profit here at your expense, boasted Trump.
Trump urged Congress to enact his plan.
Trump said the framework “locks in the massive discounts on prescription drugs” that the administration has hammered out in the past year.
“It’ll bring down drug prices 80-90% in some cases, just numbers that nobody’s ever heard of before,” stated Trump. “Your prescription drugs will come way, way down. And under this policy, the prices of many drugs will be slashed by 300 400 and even 500% starting this month at the Trumprx.gov so instead of Americans paying the highest drug prices in the world, which we have for decades, we will now be paying the lowest cost paid by any other nation.”
Trump tackles insurance premiums, which we’ve seen increase in the monthly CPI reports.
Trump said:
Next, my plan would reduce your insurance premiums by stopping government payoffs to big insurance companies and sending that money directly to the people. Obamacare was designed to make insurance companies rich. I call it the Unaffordable Care Act, with billions of dollars in taxpayer subsidies that helped their stock prices skyrocket over 1,700% as you paid more money for healthcare every single year. More and more the premiums went higher and higher.I want to end this flagrant scam and put extra money straight into the health care savings account in your name, and you go out and buy your own health care, and you’ll make a great deal. You get better health care for less money. That way, you can choose the care that is right for your family to further reduce insurance premiums.My plan ends the giant kickbacks to insurance brokers and corporate middlemen that only drive up the costs, and that’s what they’re intended to do, drive up the cost.But we’re driving down the cost, and it fully funds a long neglected part of the law known as the cost sharing reduction program. This measure alone should cut premiums on the most popular Obamacare plans. It’s hard to believe there are any, because it’s a hated program. It’s unaffordable, but it’s going to cut them by an average of 10 to 15% next, the Great healthcare Plan.
The White House fact sheet claimed the cost-sharing reduction program “would save taxpayers at least $36 billion.”
The framework also requires the insurance companies:
“You’re going to get a better deal and better care,” concluded Trump. “We will have maximum price transparency, and costs will come down incredibly.”
Can we just repeal Obamacare?
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