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President Donald Trump teased a massive upcoming announcement regarding healthcare in America, amid an ongoing healthcare cost crisis sparked by the expiration of Obama-era Affordable Care Act subsidies.
During remarks at the Detroit Economic Club on Tuesday, the president homed in on his economic policies that he says have sparked the “strongest and fastest economic turnaround in our nation’s history.”
Importantly, he touched on the issue of healthcare – a difficult topic, given the state of American healthcare and rapidly rising monthly healthcare premiums, which have spiked as much as 114 percent, according to some estimates.
“To provide further relief to hardworking Americans, we’ll also be confronting one of the biggest factors in driving up prices, the monstrosity known as the Unaffordable Care Act,” he said.
The president argued that “Obamacare” was a “gift to make health insurance companies rich at the expense of the American people, in particular, the so-called enhanced premium tax credits were a corrupt payoff to the insurance [companies] whose stock prices went up more than 100 percent after Obamacare was signed.”
He reiterated his oft-stated position on the subject of healthcare, noting that he wanted the money to “go directly to the people” rather than insurance companies.
In early January, the president said the same thing, commenting, “Let the money go into a healthcare account or however you do it…where they can buy their own healthcare.”
During his remarks on Tuesday, President Trump teased an upcoming policy framework that could potentially provide Americans relief on healthcare premium prices.
“That’s why later this week, I’ll announce our healthcare affordability framework that will reduce premiums for millions, [and] lower drug prices, delivering price transparency and demand honesty and accountability from insurance companies all over the country – all over the world, actually.”
In late December, the president said he planned on meeting with the nation’s top health insurance companies to negotiate a potential deal on behalf of the American people. He alluded to potentially meeting with health insurance executives in the first week of January, but it is unclear if that meeting or series of meetings has played out yet.