Trump to meet with top health insurance execs Monday

Trump to meet with top health insurance execs Monday
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President Trump is meeting with top health insurance executives Monday as Republicans prepare to try to replace ObamaCare.

Representatives from Humana Inc., Cigna Corp. and the Blue Cross Blue Shield Association, a trade group representing insurers in 50 states, will be present, Reuters reported Friday.

The Affordable Care Act is expected to be a top item on their agenda. Trump has vowed to promptly repeal and replace former President Obama’s signature healthcare reform, and insurance companies have also advocated for changes to the law.

Trump said last week that he would soon reveal a replacement plan for Obamacare, saying that it would offer “much better healthcare at a much lower cost,” though he did not go into details.

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"We are going to be submitting in a couple of weeks a great healthcare plan that's going to take the place of the disaster known as ObamaCare," he said at a rally in Melbourne, Fla. "It will be repealed and replaced."

The president also proposed tighter rules for ObamaCare last week. That move was welcomed by insurers, but could lead to potentially higher out-of-pocket costs for buyers.

The insurance executives’ meeting with the president was first reported by Bloomberg.