President Trump is calling for Congress to pass what the White House called the “Great Healthcare Plan,” a sweeping proposal aimed at saving Americans’ wallets.
“Instead of putting the needs of big corporations and special interests first our plan finally puts you first and puts more money in your pocket,” President Trump said in a video statement. “The government is going to pay the money directly to you. It goes to you, and then you take the money and buy your own healthcare. Nobody’s ever heard of that before, and that’s the way it is. The big insurance companies lose and the people of our country win.”
“This proposal locks in the massive discount on prescription drugs that my administration is achieving through our most-favored-nations drug pricing agreement,” he said, adding, “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.”
The plan reduces insurance premiums by ending “giant kickbacks to insurance brokers and corporate middlemen that only drive up the costs” and “fully funds a long-neglected part of the law known as the Cost Sharing Reduction program,” President Trump added.
The Great Healthcare Plan also creates the “Plain English Insurance” standard, requiring health insurance companies to publish rate and coverage comparisons upfront in English, not industry jargon. It further requires healthcare providers and insurers who accept Medicare or Medicaid to share their pricing and fees, ensuring transparency and demanding accountability.
President Trump’s Great Healthcare Plan would codify his executive orders titled “Delivering Most-Favored-Nation Prescription Drug Pricing to American Patients” and “Making America Healthy Again by Empowering Patients with Clear, Accurate, and Actionable Healthcare Pricing Information.”
