The long-awaited plan would leave much to Congress and calls for payments to health savings accounts rather than insurance subsidies, among other broad proposals.

President Donald Trump on Thursday announced the outlines of a health care plan he wants Congress to take up as Republicans have faced increasing pressure to address rising health costs after lawmakers let subsidies expire.

January 15 is the final deadline to enroll in an ACA Marketplace plan for 2026. Many small business owners, older adults, and self-employed individuals find themselves in a difficult moment, as Congress has thus far failed to deliver an extension of the enhanced premium tax credits that help more than 24 million Americans,

The proposal, coming ahead of the midterm elections, falls far short of President Donald Trump’s promises to deliver a replacement for the Affordable Care Act.

President Donald Trump said the funds came from the elimination of "waste, fraud and abuse from Medicaid."