WASHINGTON — President Donald Trump announced the outline of a health care plan Thursday that he wants Congress to take up as Republicans face increasing pressure to address rising health costs after lawmakers let subsidies expire.
The cornerstone of his proposal is to send money directly to Americans for health savings accounts to handle insurance and health costs as they see fit, though no details were offered. Democrats rejected the idea as a paltry substitute for the tax credits that helped lower monthly premiums for many people under the Affordable Care Act.
Trump's plan also focuses on lowering drug prices and requiring insurers to be more upfront with the public about costs, revenues, rejected claims and wait times for care. It was not immediately clear if any lawmakers were working to introduce Trump's plan.
California insurance chief keeps ‘chin up’ ahead of FAIR Plan, policy reforms
AM Best Upgrades Credit Ratings of First Indemnity of America Insurance Company
Advisor News
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
- House panel advances CLEAR Forms Act backed by IRI
More Advisor NewsAnnuity News
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity NewsLife Insurance News
Property and Casualty News
- The states where home insurance is becoming unaffordable in 2026
- AM Best Affirms Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries
- Home Insurers Dropped 2 Million Policies as Premiums and Profits Rose | Insurify
- AM Best Affirms Credit Ratings of Tokio Marine & Nichido Fire Insurance Co., Ltd. and Its Subsidiaries
- Insurers say they’re starting to write new California homeowner policies, but how many?
More Property and Casualty News