President Donald Trump’s administration is expected to release a report on the “cost of living” next week, with the administration looking to show how the Affordable Care Act has boosted the cost and quality of American life.
The report is expected in the coming weeks, with a White House official saying the president would likely use it to outline how the new administration is improving the quality of the American economy.
“The president is committed to improving our nation’s health and safety and creating an economy that works for all Americans,” the official said, citing a plan to invest $5 trillion over 10 years to rebuild the nation’s infrastructure.
“We want to make sure that we’re not spending billions and billions of dollars on the wrong things to the detriment of the economy.
We want to be focused on making sure that when we invest, we’re getting value for our money.”
Trump’s plan to overhaul the health care system would cost taxpayers $4 trillion over the next decade.
He also wants to eliminate “mandatory health insurance” for people who don’t have employer-sponsored insurance, and he has proposed scrapping the requirement that people buy coverage across state lines.
As president, Trump has proposed cutting federal spending by $1 trillion over a decade, but his budget plan does not specify how that will be funded.
Republicans in Congress have sought to repeal parts of Obamacare in the House and Senate in recent weeks, but the GOP-controlled House has not taken action on them.
In a recent interview with the Wall Street Journal, House Speaker Paul Ryan said Trump’s plan would be “an attack on the very thing that makes this country great.”
“The Affordable Care, if you will, that’s what’s going to keep America great,” Ryan said.
“And we have a president who doesn’t seem to care that this is what makes America great.”