WASHINGTON – President Donald Trump said his administration will release a framework to lower health care costs later this week.
The announcement, which Trump made during a Jan. 13 speech at the Detroit Economic Club, has the potential to influence ongoing bipartisan negotiations in Congress. Since the record-breaking government shutdown last year, lawmakers have been searching for a politically viable way to soften the blow of the recent expiration of Obamacare subsidies, which have been relied on for years by millions of Americans to lower their health insurance premiums.
Since the subsidies went away at the start of the year, GOP lawmakers with large numbers of constituents facing rising health care costs have been put in a tough political position. Even longtime Trump acolytes like Marjorie Taylor Greene, who just resigned from Congress amid a spat with the president, broke with other members of their party over the issue.
Read more: Will health savings accounts replace ACA subsidies for some Americans?
"Later this week, I'll announce our health care affordability framework that will reduce premiums for millions, lower drug prices, (deliver) price transparency and demand honesty and accountability from insurance companies all over the country," Trump said.
