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Today, President Donald J. Trump is calling on Congress to enact the Great Healthcare Plan, a comprehensive plan to lower drug prices, lower insurance premiums, hold big insurance companies accountable, and maximize price transparency.
"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," said Trump. "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."
"The big insurance companies lose, and the people of our country win," promised Trump.
He explained that the plan locks in Most-Favored-Nation status to ensure that Americans pay the same prices for prescriptions that people pay in other countries. Trump said that people have been trying for 40 years to make this happen, but no one was able to do it but him. "It will bring down drug prices 80-90% in some cases," Trump said.
He indicated that the prices of some drugs will be slashed by even 300-500% at "TrumpRX.gov" and that the American people would now be paying the lowest cost for drugs that any other nation pays.
Trump dunked on the "hated, unafforable" Obamacare, which he said 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," said Trump. "I want to end this flagrant scam and put extra money straight into the healthcare savings account in your name and you go out and buy your own healthcare."
Trump's plan also ends what he calls "giant kickbacks to insurance brokers and corporate middlemen" whose only goal, Trump says, is to drive up costs.
The plan includes a cost-sharing reduction program to help reduce insurance premiums that is projected to save taxpayers at least $36 billion and reduce the most common Obamacare plan premiums by over 10%, according to the Congressional Budget Office.
Trump emphasized that his plan "mandates unprecedented accountability and transparency from insurance companies and all healthcare providers so that special interests can no longer profiteer" at the expense of customers.
"As the saying goes, sunlight is the best disinfectant," said Trump. "That is why my plan orders all insurance companies to publish rate and coverage comparisons in very plain English. It requires insurers to publish detailed information about how much of your money they're going to be paying out in claims versus how much they are taking in in profits."
"In other words, you will be able to watch the scam," he continued. "It forces them to release detailed data on how many claims are being denied, and whether those denials are overturned on appeal."
Lastly, Trump promised price transparency, which would require any healthcare provider that accepts Medicare or Medicaid to publicly and prominently post prices so customers are not surprised.
"You're going to get a better deal and get better care," said Trump who envisions maximum price transparency and reduced rates as a result.
He's urging Congress to pass his plan ASAP.
Here's the fact sheet on the Great Healthcare Plan:
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