President-elect Donald Trump has pledged to provide "insurance to everybody" under his plan to replace Obamacare, The Washington Post reports.
"It's very much formulated down to the final strokes. We haven't put it in quite yet but we're going to be doing it soon," he said. People covered under the law "can expect to have great health care. It will be in a much simplified form. Much less expensive and much better."
Trump also promised to force pharmaceutical companies to directly negotiate drug prices with the government for Medicare and Medicaid, stating "they're politically protected, but not anymore."
Upping the ante on his calls to reform the veterans health care system, President-elect Donald Trump convened a meeting on Wednesday to explore additional ways to enable veterans to obtain private medical treatment.
"We think we have to have kind of a... public-private option," a senior transition official told reporters. "It's one of the options on the table."
Federal health officials are touting a record 6.4M customer sign-ups on HealthCare.gov so far this open enrollment season (not including re-enrollments and individual markets), topping last year's pace by 400K customers.
Trump has said he wants to replace Obamacare after its repeal with something "better," but it's still not clear what such a replacement would look like.
Philip van Doorn and team at Marketwatch put together a list of 18 S&P 500 names with consensus sell-side price targets at least 30% above the current price.
Ten of the 18 stocks are in healthcare, which has been roughed up by a combination of Obamacare, Clinton's talk about drug pricing (back when all thought she would be the next POTUS), and now Trump joining in the bashing.
Tenet Healthcare (NYSE:THC) and Centene (NYSE:CNC) sign a new three-year agreement providing Centene and Health Net members in-network access to Tenet's hospitals, outpatient centers and employed physicians in 18 states. The new contract integrates all of Centene's and Health Net's insurance products into a single agreement following Centene's acquisition of Health Net earlier this year.
Healthcare stocks, the weakest sector this year, may become winners, as Obamacare reforms are set to be "repealed and replaced" and major legislation Clinton proposed is unlikely to be imposed on drugmakers.
While Trump hasn't set out a comprehensive alternative to the Affordable Care Act (which may see 22M Americans lose current coverage), he said he'll encourage competition between markets in different states.
Not only are Obamacare premiums on the rise for 2017, deductibles will also be getting more expensive, according to an analysis by insurance comparison site HealthPocket.
Deductibles for individuals enrolled in the lowest-priced Obamacare health plans will average more than $6,000 next year, the first time that threshold has been cracked in the three years that Affordable Care Act marketplaces have been in business. Families enrolled in the bronze plans will average deductibles of $12,393.
The average premium for benchmark 2017 Obamacare insurance plans sold on Healthcare.gov will jump 25% to $302 compared to this year, the biggest increase since the insurance first went on sale in 2013.
Seeking to downplay the cost hikes, the administration said that including subsidies 77% of people would be able to find insurance plans with monthly premiums below $100, however, one in five consumers will only have one insurer from which to choose coverage.