Former President Donald Trump intends to advocate for a new healthcare initiative, dubbed "the Great Healthcare plan," which would involve a crackdown on insurance companies. This plan, detailed in prepared remarks for his speech at the GOP midterm convention, aims to redirect government payments directly to consumers to purchase their own healthcare.
"We will pass the Great Healthcare plan to stop all government payments to big insurance companies, and give the money directly to the people, for you to buy your own healthcare and have money left over," Trump is expected to say, according to remarks obtained by The Post. The exact timeline for passing the plan through Congress was not immediately clear.
During his speech, Trump is also anticipated to discuss plans to make policies reducing prescription drug prices permanent and to end surprise medical billing. He plans to "end surprise medical billing, and require insurers and hospitals to post all prices clearly in plain English." Furthermore, he intends to make "Most Favored Nation Agreements on prescription drug prices permanent, which reduces your prescription drug prices by 90 percent."
This initiative follows Republican proposals from the previous year when enhanced Obamacare subsidies were set to expire. At that time, Trump showed an inclination towards providing subsidies directly to consumers rather than channeling them through insurance companies. Details of the "Great Healthcare plan" remain sparse, but it emerges as the former president's administration previously attempted comprehensive healthcare reform.