After President Trump quoted Cato Institute’s Michael Cannon in a Truth Social post on fixing healthcare, Cannon has returned the praise with a callout to Trump’s “Great Health Care Plan.” Cannon writes at Cato.org:
President Trump’s “Great Health Care Plan” has great ideas that greater simplicity could make even better.
The best proposal: “Allow More Over-the-Counter Medicines.”
- Government-imposed prescription requirements increase prices and block access to countless medicines.
The best idea: Let consumers control health care dollars.
- “Obamacash for enrollees” would expand Obamacare and create countless problems.
- “Universal health accounts” would free workers to control the $1 trillion that employers control—a larger effective tax cut than Reagan’s.
The best addition: Secure Trump’s greatest first-term health care accomplishment by permanently removing barriers to Obamacare-exempt plans.
Read the White House’s entire release on the Great Health Care Plan here:
CALLING ON CONGRESS TO LOWER HEALTHCARE COSTS
President Donald J. Trump is calling on Congress to enact the Great Healthcare Plan, a comprehensive plan to lower drug prices, lower insurance premiums, hold big insurance companies accountable, and maximize price transparency.
LOWERING DRUG PRICES
The Great Healthcare Plan calls for codifying the Trump Administration’s Most-Favored-Nation deals to get Americans the same low prices for prescription drugs that people in other countries pay. This would build off President Trump’s landmark actions that made insulin more affordable in his first term and the successful voluntary negotiations following his recent Executive Order to lower drug prices. Voluntarily negotiated deals with HHS/CMS will be grandfathered in.
The Great Healthcare Plan makes more verified safe pharmaceutical drugs available for over-the-counter purchase. This will lower healthcare costs and increase consumer choice by strengthening price transparency, increasing competition, and reducing the need for costly and time-consuming doctor’s visits.
lowering insurance premiums
The Great Healthcare Plan stops sending big insurance companies billions in extra taxpayer-funded subsidy payments and instead send that money directly to eligible Americans to allow them to buy the health insurance of their choice.
The Great Healthcare Plan funds a cost-sharing reduction program for healthcare plans which would save taxpayers at least $36 billion and reduce the most common Obamacare plan premiums by over 10% according to the Congressional Budget Office.
The Great Healthcare Plan will end the kickbacks paid by pharmacy benefit managers (PBMs) to the large brokerage middlemen that deceptively raise the cost of health insurance.
HOLDing BIG INSURANCE COMPANIES ACCOUNTABLE
The Great Healthcare Plan creates the “Plain English Insurance” Standard by requiring health insurance companies to publish rate and coverage comparisons upfront on their websites in plain English—not industry jargon—so consumers can make better insurance purchasing decisions.
The Great Healthcare Plan will require health insurance companies to publish the percentage of their revenues that are paid out to claims versus overhead costs and profits on their websites.
The Great Healthcare Plan will require health insurance companies to publish the percentage of insurance claims they reject and average wait times for routine care on their websites.
maximize price transparency
The Great Healthcare Plan requires any healthcare provider or insurer who accepts Medicare or Medicaid to prominently post their pricing and fees in their place of business.
Read the White House fact sheet here:
The-Great-Healthcare-Plan
