The Trump administration on Thursday announced a new “Great Healthcare Plan” to cut drug prices, lower premiums and hold insurance companies accountable. But first, it would have to go through a Congress that’s shown little appetite to take on broad health care reform.
President Donald Trump’s four-point plan calls on Congress to codify his previously announced “most-favored-nation” prescription drug pricing plan and to place money in health savings accounts as opposed to subsidizing insurance costs. The plan also called for price transparency, demanding insurers to “post prices on the wall in plain English - not jargon,” — something insurance companies have long opposed.
It remains to be seen what Congress, which has for months struggled to come to an agreement on how to address expired Affordable Care Act tax credits, will do with Trump’s proposal.