Trump Meets with Insurance Provider CEOs to Discuss Future of Health Care Industry
President Donald Trump met with CEOs of insurance providers, Aetna, Anthem, Cigna Corp., Humana, UnitedHealth, Kaiser Permanente and several Blue Cross Blue Shield companies to talk about the future of healthcare with changes coming to the Affordable Care Act (ACA).
The President and
concerns surrounding the ACA and how the insurance market might be stabilized with
the dismantling of the law. Trump criticized health insurance exchanges, calling them "disastrous" and predicting the market is "going to implode." Trump assured CEOs that a "fantastic" replacement plan is
that will both lower prices and improve health care.
While industry leaders seemed confident the Trump administration is on the right track in replacing the ACA, consumer groups are not as positive. The concern is that lawmakers will give the insurance industry preference over the needs of the people.
Insurers hope to strengthen the individual market which, right now, is mostly made up of older, sicker people, causing claims to rise. The younger, healthy members needed to stabilize the market have
materialized, and insurers have
premiums to recoup losses.
Even with raised premiums
Details surrounding any plans to replace and repeal the ACA have been lacking as lawmakers are still meeting with industry leaders, consumer groups and constituents to develop a final policy.