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House Speaker Mike Johnson, joined by other members of House GOP leadership, announced the details of their new health care plan Monday morning.
The plan is meant to replace the COVID-era Obamacare subsidies, which are set to expire at the end of this year.
Speaker Johnson detailed the five key points of the plan, saying it “reduces premium costs through cost-sharing reduction payments, brings pharmacy benefit manager transparency and removes the hidden costs of prescription drugs, allows small business owners and independent workers to form association health plans, provides more choice for employees to customize their health care plans, and protects small businesses from regulatory overreach.”
Johnson praised the new plan, pointing to Congressional Budget Office projections that show just the first provision would reduce premiums by at least 11 percent across the board. He compared that to the Democratic proposal, which only lowers premiums by less than 6 percent for around 7 percent of consumers.
He says the Democratic plan doesn’t actually lower the cost of health care premiums—it simply hides their true cost with taxpayer subsidies to insurance companies.
Johnson says that under the Republican plan, premiums will decrease, access to health care will increase, and it will also provide more options and flexibility.
