President Donald Trump unleashed a fiery critique of Obamacare, branding it a cash cow for insurance giants during a charged speech in Rocky Mount, North Carolina, on Friday night, Breitbart reported.
In a nutshell, Trump blasted the health care law for inflating costs, announced plans to confront insurance companies directly, and highlighted ongoing political skirmishes over subsidies and government funding.
Earlier that Friday, Trump didn’t mince words, signaling his intent to haul insurance executives into a meeting to demand lower prices.
Whether at Mar-a-Lago in Florida or in Washington, D.C., he’s eyeing a showdown the first week he returns to the White House.
“I’m going to call a meeting of the insurance companies. I’m going to see if they get their price down, to put it very bluntly,” Trump declared.
That’s a bold promise, but let’s be real—insurance companies aren’t exactly known for rolling over when profits are on the line, and this meeting could be more theater than breakthrough unless serious leverage is applied.
During his evening address in Rocky Mount, Trump tore into what he calls the “Unaffordable Care Act,” arguing it’s a system rigged to fatten corporate wallets while leaving everyday Americans with skyrocketing premiums.
“The current Unaffordable Care Act, commonly known as Barack Hussein Obamacare, was created to make insurance companies rich. It was bad health care at much too high a cost, and you see now that the steep increase in premiums — it’s being demanded by the Democrats,” Trump charged.
Here’s the rub: if premiums are indeed soaring under this framework, as Trump claims, it’s hard to argue that the system isn’t failing the very people it was meant to help, though some might counter that subsidies have cushioned the blow for many.
Meanwhile, the political arena is a battlefield, with House Republicans pushing legislation to the Senate aimed at slashing health care costs.
On the flip side, Democrats are angling to extend COVID-era Obamacare subsidies, a fight that played out during a 43-day government shutdown starting in October and could flare up again.
Trump, ever the strategist, warned that Democrats might force another shutdown by the end of January—possibly on January 30—if their demands for extended subsidies aren’t met, painting them as pawns of big insurance.
Beyond the political chess game, Trump floated a vision where health care funds go straight to citizens, empowering them to shop for plans at better rates.
He also dropped news of nine fresh deals with pharmaceutical companies to slash prescription prices, adding to a tally of agreements struck since late September—a win for consumers if the savings actually materialize at the pharmacy counter.
Ultimately, Trump’s latest salvo against Obamacare and his push for direct negotiations with insurers signal a renewed focus on health care reform, though the road ahead looks rocky with partisan gridlock and corporate interests in the mix; still, for many frustrated with rising costs, his willingness to shake the table offers a glimmer of hope.
