President Trump announced plans to meet with representatives from 14 major health insurance companies to discuss reducing insurance costs. This follows the expiration of COVID-era subsidies under the Affordable Care Act (ACA), which has led to potential premium increases for millions of Americans. Despite the lack of congressional action to extend these subsidies, Trump suggests direct financial assistance to individuals for purchasing insurance. The average annual premium for ACA plans is projected to rise significantly, potentially causing a quarter of enrollees to drop coverage.
