WASHINGTON — President Donald Trump and Senate Republicans are working on a new plan to stabilize the insurance market in the wake of a record number of new enrollees and a number of states that expanded Medicaid under the Affordable Care Act, the president and his top legislative allies said Friday.
Trump is scheduled to deliver his first major address on health care policy, outlining his administration’s goal to repeal and replace the Affordable Act and replacing it with a single-payer system, the White House said in a statement.
The address comes on the heels of a week of meetings with senior Republicans to hash out a plan that includes key elements, including an immediate rollback of federal spending, a more conservative budget that eliminates some tax breaks and a requirement that health plans cover preexisting conditions.
The meeting comes amid a sharp uptick in coverage for preexistential conditions, which have become the main driver of new enrollments and an increase in costs for insurers and hospitals.
The House of Representatives passed a $1.1 trillion health-care bill Thursday, but it was blocked by Senate Republicans, who argued it did not provide a stable replacement for the ACA.
That led to negotiations in the Senate, where the plan has not yet been officially released.
In addition to meeting with congressional leaders, Trump and his aides are expected to speak with the president Friday to discuss the health care law, a White House official said.