On Monday, President Donald Trump met with health-insurance heads to discuss transitioning the nation away from the Affordable Care Act, Reuters reports.
Health-insurance companies are a major contributor to how well Obamacare functions. When major companies such as UnitedHealth and Aetna began pulling out of states’ individual marketplaces last year, it left some states with just one marketplace insurer. Experts worried that, as those companies faced no competition, they would raise their premiums and make insurance unaffordable. “We must work together to save Americans from Obamacare — you people know that and everyone knows that, at this point — to create more competition and to bring down the prices substantially,” Trump said during the meeting.
Although it remains unclear what exactly might replace the Affordable Care Act if it is repealed, Trump mentioned he wants to expand health-care savings accounts, offer “state flexibility,” and allow Americans to buy insurance across state lines.