Summary
President Donald Trump announced a new health care plan aimed at reducing medical costs. The plan includes measures like tying U.S. drug prices to the lowest rates paid abroad and increasing the use of health savings accounts. The announcement comes as Congress debates how to handle rising insurance premiums after federal subsidies expired.
Key Facts
- President Trump proposed a "Great Healthcare Plan" to address rising medical costs.
- The plan seeks to tie U.S. drug prices to the lowest prices paid in other countries.
- It includes a proposal to route money directly to Americans through health savings accounts.
- Trump aims to lower insurance premiums by restoring cost-sharing payments to insurers.
- There is political disagreement on whether to restore federal subsidies to lower premiums.
- The plan was announced as the deadline for choosing Affordable Care Act plans ended.
- Many Americans may face higher insurance bills due to expired federal subsidies.
