"Treasury Secretary Scott Bessent said the Trump administration is working on bringing down US health-care costs and an announcement to address the issue is planned for this week. "We believe health care's going to come down," Bessent said Sunday on NBC's Meet the Press in response to a question about Vice President JD Vance asking Americans for "a little bit of patience" as the White House works out a plan to address the cost of living."
"Democrats secured victories in gubernatorial races in Virginia and New Jersey this month after campaigning on affordability, adding pressure on the White House ahead of the 2026 midterm elections. While Bessent didn't offer specifics, Trump has said he opposes congressional efforts to extend expanded Affordable Care Act subsidies - the flashpoint in the US government shutdown that ended on Nov. 12 - and favors sending aid "directly" to Americans."
An administration is working to reduce U.S. health-care costs, with an announcement scheduled for the coming week. Officials anticipate health-care costs will decline. A plan is being pursued to counter an impending surge in health insurance premiums tied to subsidies that expire at the end of 2025, with a target to secure a plan by Jan. 30. Opposition exists to congressional extensions of expanded Affordable Care Act subsidies, with a preference for sending aid directly to Americans. Recent Democratic gubernatorial victories focused on affordability have increased political pressure ahead of the 2026 midterm elections.
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