The White House has unveiled “The Great Healthcare Plan,” which it describes as “… a broad healthcare initiative that will slash prescription drug prices, reduce insurance premiums, hold big insurance companies accountable, and maximize price transparency in the American healthcare system.”
The major components of the plan, and the key steps for each, are:
- lower drug prices
- slash prescription drug prices
- allow more over-the-counter medicines
- lower insurance premiums
- send the money directly to the American people
- fund cost-sharing reduction program
- cut kickback costs
- hold big insurance companies accountable
- create the “plain-English insurance” standard
- publish costs of overhead vs. claim payments
- display claim denial rates
- maximize price transparency
- post prices on the wall
Learn more about the plan from this White House announcement; an accompanying fact sheet; a new White House Great Healthcare Plan” web site that includes a video of President Trump introducing the plan; and the AP report “Trump announces outlines of health care plan he wants Congress to consider.”
At this point there is not yet legislative language translating these concepts into potential laws.