"United States President Donald Trump announced a healthcare plan that would replace government subsidies for insurance with direct payments into health savings accounts for consumers, an idea that some experts have said would hurt lower-income Americans. The Trump administration on Thursday called on Congress to pass legislation to codify Trump's most-favoured-nation drug price deals and to make more medicines available for over-the-counter purchase."
"The White House did not provide details on how much money it planned to send to consumers to buy insurance, or whether the funds would be available to all Obamacare enrollees or only those with lower-tier bronze and catastrophic plans. The idea mirrors one floated among Republican senators last year. Democrats largely rejected it, saying the accounts would not be enough to cover costs for most consumers."
President Trump proposes replacing government insurance subsidies with direct payments into health savings accounts and pursuing most-favoured-nation drug price deals and expanded over-the-counter availability. The plan, called The Great Healthcare Plan, includes a cost-sharing reduction program that could cut common Obamacare premiums by more than 10 percent. The White House says the measures will lower costs, increase consumer choice, boost price transparency and competition, and reduce doctor visits. The administration did not specify payment amounts or eligibility, and experts and Democrats warn the accounts would likely disadvantage lower-income Americans because such accounts are disproportionately used by wealthier people.
Read at www.aljazeera.com
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