President Donald Trump is expected to announce a major overhaul of the US healthcare system at the end of the month, according to a source close to the administration.
The Trump administration has been working to reshape the nation’s healthcare system to bring in more competition and competition to the insurance markets, as well as to bring back subsidies to low-income Americans who are unable to afford coverage.
Trump will make a major announcement Tuesday about the future of the healthcare system, which is the most important issue in his presidency.
The sources said the president is expected do an executive order that would be the centerpiece of the plan.
The plan will revamp the way people buy insurance, the sources said, adding that the president’s proposal could include subsidies for people to buy health insurance.
Trump has promised to overhaul the healthcare insurance system, as his health care policies have come under increasing criticism from Democrats.
The White House has said that if elected president, Trump would like to “bring back competition to this system” and provide incentives to lower costs.
The president has also said that he would seek to have insurers “cost-share” with small businesses and “lower the cost of coverage” for low- and middle-income people.
The Hill has reached out to the White House for comment and will update this story if we hear back.
| Source: The Hill | Posted: June 25, 2020 06:31:03The White House is working on an executive action that would address the problems that the Affordable Care Act has created.
It is unclear how much of this plan will be unveiled Tuesday, but sources familiar with the plan say it will include a proposal to create a single-payer healthcare system.
The administration is expected take a different approach to the Affordable Act than previous administrations.
For example, the Affordable Health Act is structured so that the government is required to guarantee the most expensive coverage to the poorest Americans, but the president has not previously outlined any specific plans for that goal.
Sources close to Trump have said that the executive order will be much more ambitious than previous plans that were proposed by previous administrations in the past.
This could be a change in the way that Trump will be viewed as a leader.
The healthcare plan will also include changes to subsidies, according a source familiar with it.
It will include the option of allowing insurance companies to sell more comprehensive plans to lower-income consumers, but not lower-cost plans, according this source.
Trump is also expected to propose a new tax code, which would lower rates on the wealthiest Americans and would require that the tax code be based on “economic efficiency,” instead of the current system of credits and deductions.
This tax code would be similar to one that was passed by the House of Representatives in 2017, but would require tax filers to pay more taxes than they currently pay.
Trump wants to lower taxes on the wealthy, but his tax proposal will include new deductions that could lower their tax bills for years to come.