Treasury Secretary Scott Bessent said the Trump administration is working on bringing down US health-care costs and an announcement to address the issue is planned for this week.
“We believe health care’s going to come down,” Bessent said Sunday on NBC’s Meet the Press in response to a question about Vice President JD Vance asking Americans for “a little bit of patience” as the White House works out a plan to address the cost of living.
“We will see an announcement this coming week on that,” he said.
Trump said last week he hopes to secure a plan by Jan. 30 to address an impending surge in health insurance premiums caused by subsidies that expire at end-2025. Democrats secured victories in gubernatorial races in Virginia and New Jersey this month after campaigning on affordability, adding pressure on the White House ahead of the 2026 midterm elections.
While Bessent didn’t offer specifics, Trump has said he opposes congressional efforts to extend expanded Affordable Care Act subsidies — the flashpoint in the US government shutdown that ended on Nov. 12 — and favors sending aid “directly” to Americans.