Fact Sheet: President Donald J. Trump Calls on Congress to Enact The Great Healthcare Plan

President Trump Calls on Congress to Enact the Great Healthcare Plan

Impact Score: 3

Timeline: N/A

Summary: The Great Healthcare Plan aims to lower healthcare costs by reducing drug prices, insurance premiums, enhancing price transparency, and holding insurance companies accountable. It includes measures such as codifying Most-Favored-Nation deals for drugs, redirecting subsidies to reduce premiums, requiring clear insurance information, and mandating providers to display pricing. The plan builds on prior Trump administration initiatives and calls for Congressional action to implement these reforms.

Key Actions: Vanderbilt Medical Center should adapt pricing strategies and compliance processes; Federal Relations must monitor pricing negotiations; Schools of Nursing and Health Policy should expand education and research; Economic Research Institute to analyze market impact; and Business and IT services can develop programs and tools to support transparency and patient empowerment.