APPEAL TO CONGRESS FOR AFFORDABLE HEALTHCARE:
In a bold move today, President Donald J. Trump urged Congress to adopt the Great Healthcare Plan, a sweeping initiative aimed at slashing drug prices, reducing insurance premiums, ensuring accountability among insurance giants, and enhancing price transparency in the healthcare sector.
REDUCING DRUG COSTS:
The Great Healthcare Plan promises to lower prescription drug costs for every American by building upon President Trump’s landmark efforts to make healthcare more affordable.
- The plan advocates for cementing the Trump Administration’s Most-Favored-Nation agreements, ensuring that Americans can access the same low prices for prescription medications that are available in other countries. This initiative expands upon Trump’s significant strides during his first term, particularly in making insulin more affordable, and follows successful voluntary negotiations spurred by his recent Executive Order aimed at reducing drug prices. Existing voluntary agreements with HHS/CMS will be preserved.
- Moreover, the Great Healthcare Plan intends to increase the availability of verified safe pharmaceutical drugs for over-the-counter purchase. This would not only lower healthcare expenses but also enhance consumer choice by promoting price transparency, spurring competition, and cutting down on unnecessary and expensive doctor visits.
SLASHING INSURANCE PREMIUMS:
This initiative seeks to actualize the President’s vision of financially empowering Americans by lowering health insurance premiums and eliminating the kickbacks that inflate costs for consumers.
- The Great Healthcare Plan proposes to halt the flow of billions in taxpayer-funded subsidies to major insurance corporations, redirecting those funds directly to eligible Americans. This allows individuals to select the health insurance plans that best meet their needs.
- Additionally, the plan introduces a cost-sharing reduction program for healthcare plans that is expected to save taxpayers at least $36 billion, while also reducing the average premiums of common Obamacare plans by over 10%, according to the Congressional Budget Office.
- Finally, it aims to abolish kickbacks that pharmacy benefit managers (PBMs) pay to large brokerage firms, which have been known to deceptively inflate health insurance costs.
HOLDING INSURANCE COMPANIES RESPONSIBLE:
The Great Healthcare Plan seeks to dismantle the convoluted practices that have allowed insurance companies to evade accountability. It introduces the “Plain English” insurance standard, mandating that these companies clearly display their profit margins and the rates at which they deny care to consumers.
- This plan will require health insurance firms to publish straightforward comparisons of rates and coverage on their websites, free of the industry jargon that often confuses consumers, allowing for more informed insurance purchasing.
- In addition, insurance companies will be required to disclose the percentage of their revenues directed towards claims versus operational costs and profits on their digital platforms.
- The plan will also mandate transparency regarding the percentage of claims denied and the average wait times for routine care, all to be prominently displayed on their websites.
ENHANCING PRICE TRANSPARENCY:
The Great Healthcare Plan requires any healthcare provider or insurer accepting Medicare or Medicaid to prominently display their pricing and fees at their places of business, ensuring compliance with transparency regulations.
- During President Trump’s initial term, he implemented significant regulations mandating that hospitals and insurance companies disclose their prices in various formats.
- Unfortunately, the Biden Administration has been criticized for failing to enforce these regulations and for neglecting to facilitate patients’ access to actual pricing information.
- This new plan will hold all healthcare providers and insurers accountable, requiring them to present upfront pricing details to patients—thereby restoring clarity, transparency, and empowering consumers.
FULFILLING PROMISES TO REDUCE HEALTHCARE EXPENSES:
President Trump is committed to lowering healthcare costs for every American, with the Great Healthcare Plan serving as a continuation of essential actions taken during his second term to ensure high-quality healthcare remains affordable.
- On May 12, 2025, President Trump signed the Executive Order titled “Delivering Most-Favored-Nation Prescription Drug Pricing to American Patients”, which set in motion a series of initiatives to align American drug prices with those of comparable nations. Since then, the administration has secured 16 agreements with prominent pharmaceutical manufacturers to bring prices down significantly for numerous medications used by millions of Americans.
- Shortly after his return to office, Trump signed the Executive Order “Making America Healthy Again by Empowering Patients with Clear, Accurate, and Actionable Healthcare Pricing Information.” This directive aims to remedy the years of inaction by the Biden Administration by promoting universal access to transparent healthcare pricing. Consequently, the Centers for Medicare and Medicaid Services has escalated enforcement against hospitals failing to comply with transparency regulations and has proposed significant enhancements to insurance company pricing rules.
- Additionally, in his groundbreaking Working Families Tax Cuts law, Trump expanded access to health savings accounts for up to ten million individuals on Obamacare, implemented unprecedented measures to combat healthcare fraud and abuse, and made the largest investment in rural healthcare to date.
