by Mish

President-elect Donald Trump said in a weekend interview that he is nearing completion of a plan to replace President Obama’s signature health-care law with the goal of “insurance for everybody,” while also vowing to force drug companies to negotiate directly with the government on prices in Medicare and Medicaid.
Trump declined to reveal specifics in the telephone interview late Saturday with The Washington Post, but any proposals from the incoming president would almost certainly dominate the Republican effort to overhaul federal health policy as he prepares to work with his party’s congressional majorities.
In addition to his replacement plan for the ACA, also known as Obamacare, Trump said he will target pharmaceutical companies over drug prices. “They’re politically protected, but not anymore,” he said of pharmaceutical companies.
Trump said his plan for replacing most aspects of Obama’s health-care law is all but finished. Although he was coy about its details — “lower numbers, much lower deductibles” — he said he is ready to unveil it alongside Ryan and Senate Majority Leader Mitch McConnell (R-Ky.).
“It’s very much formulated down to the final strokes. We haven’t put it in quite yet but we’re going to be doing it soon,” Trump said.
“We’re going to have insurance for everybody,” Trump said. “There was a philosophy in some circles that if you can’t pay for it, you don’t get it. That’s not going to happen with us.” People covered under the law “can expect to have great health care. It will be in a much simplified form. Much less expensive and much better.”

Make Insurance Great Again

  1. Cheap
  2. Simplified
  3. For everybody
  4. Not single payer
  5. Government will negotiate drug prices
  6. Down to final strokes
  7. No details

RECOMMENDED ARTICLES

For something down to the “final strokes”, details sure are scant.

Mike “Mish” Shedlock

Anthem Drops Obamacare in Ohio: 300,000 Without Insurance? Gruber Strikes Again

House Speaker Paul Ryan’s attempt to replace Obamacare was sheer madness. Left alone, Obamacare was imploding anyway. Republicans should have waited for Democrats to beg them to “do something”.

Insurance Claim Adjusters Replaced by “IBM Watson Explorer”

Manufacturing jobs have already been decimated by robots. White collar workers are next in line. Fukoku Mutual Life Insurance in Japan is about to replace claim adjusters with a software robot from IBM.

Trump Promises Steel Action: Expect Job Losses

The steel industry and steel stocks both cheer today’s news that Trump will take action against Chinese steel dumping.

Obamacare Repeal Vote May Be Delayed, Won’t Pass Senate: Trump Makes “Final Offer”

It’s much harder to get votes to do something when the votes actually matter. After scheduling a vote on Obamacare for today, GOP lawmakers now say ObamaCare Repeal Vote May Be Delayed.

Make Inflation Great Again! Is Trump the “Inflation President”? Spotlight on Bonds, Oil, Gold

A near-universal consensus has formed that Donald Trump is the “inflation president”.

Obamacare Death Spiral: Insurers to Drop Plans Unless Premiums Rocket, “Something’s Got to Give”

“Something’s Got to Give” Fresh on the heels of an unbelievable CPI report that suggests healthcare costs only rose 3.6% in the past year, comes news that insurers want big premium hikes or they will get out of the Obamacare business.

Make American Steel Great Again Backfires In Trump Lawsuit

JSW Steel had nothing but praise for Trump's steel tariffs. Now the company has filed a lawsuit against the Trump admin.

Trump Reaffirms "I am a Tariff Man", Promises to "Make America Rich Again"

Move over MAGA. Hello MARA as Trump reaffirms "I am a Tariff Man".

As Insurance Losses Mount So Do Refusals: “Sorry, We Don’t Take Obamacare”

A McKinsey study shows Obamacare insurers lost money in 2014 and the losses doubled in 2015.