Trump’s new health care plan could cost millions of Americans
President Donald Trump on Monday announced that he would overhaul his signature health care law and eliminate the requirement that all Americans obtain coverage or pay a penalty.
The plan, which Trump is expected to announce as soon as this week, would expand health coverage to a wider range of people, including people with pre-existing conditions, people with a medical condition that does not require coverage, people on Medicaid and others.
The proposal would also include the expansion of the Children’s Health Insurance Program, the president said.
It would create a new public health insurance option that would pay for preventive care, cancer screenings and other services for the poor and people with preexisting conditions.
The new program would be available to all Americans, but only to the poorest 20 percent of households and people who earn up to 400 percent of the federal poverty level.
The White House said the plan would “ensure that everyone is covered” and “ensures that everyone gets access to affordable and quality care at affordable rates.”
“Our goal is to make sure that every American is covered, but our goal is also to make the market work for everyone,” White House spokeswoman Lindsay Walters said.
“We know that the vast majority of people in this country will continue to be able to get health insurance through the marketplaces.
But we also know that a lot of people are going to be left out.
We know that they will continue getting coverage through the private market.
We also know there are going be some who will be left in the dark, and so we’re trying to make a plan that is fair for everybody.””
We are going for fairness,” Walters said of the proposal.
The Trump administration said the new plan would save taxpayers $338 billion over the next decade, with most of that money going to states and cities.
The savings would be more than offset by the $2,700 price tag for premiums for a family of four with an income of $46,300 or less, according to a budget analysis from the Congressional Budget Office released earlier this year.
But some critics say the plan will not make health care more affordable for many Americans and that the new costs could hurt consumers and drive up the cost of health care.
The nonpartisan Congressional Budget Bureau has said that the costs of the health care overhaul will be more expensive for those in high-cost areas and would drive up premiums for middle-class families.
The new bill would also raise taxes on millions of people who have high deductibles, co-pays and other out-of-pocket costs, according the nonpartisan Tax Policy Center.
The administration said it would also eliminate the federal government’s mandate that Americans obtain health insurance or pay $95 a month in penalties.
Trump said he would also end the Medicaid expansion for low-income people who receive payments from the federal healthcare system.
He also said that he will expand the tax deduction for charitable contributions to people who contribute more than $10,000 a year.
The president is expected later this week to sign the health bill into law.
Trump previously said he is working on a final version of the legislation.
He also said he has made a series of decisions to speed up the pace of the legislative process and the process of moving the legislation to the president’s desk.