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Trump signs Medicare Advantage executive order

  • President Trump signed an executive order that he says will make "Medicare even better and we're not letting anyone -- it will never be taken away from you," he told an audience at an event at a Florida retirement community.
  • Administration officials said the order calls for bolstering Medicare Advantage, a private insurance option used by a third of seniors. It would also offer more affordable plan options, increase use of telehealth services, and align the Medicare fee-for-service program with payments for Medicare Advantage, they said.
  • Health Care Select Sector SPDRETF (NYSEARCA:XLVrises 0.6%.
  • Though Trump gave few details, he said the Medicare Advantage order will give faster access to devices and therapies and that he's taking action to stop fraud.
  • "As long as I'm president no one will lay a hand on your Medicare benefits," he said.
  • ETFs: XLV, VHT, HQH, IYH

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