Trump to Summon Health Insurers to Ask for Premium Cuts

Group 1 - President Trump plans to convene insurance companies to pressure them into reducing costs for Americans facing rising premiums after the expiration of Obamacare subsidies [1] - Major insurers such as UnitedHealth Group Inc., Cigna Group, and Humana Inc. saw a sharp decline in share gains following Trump's remarks [2] - The trade group AHIP stated that premiums are reflective of medical care costs and that insurers' margins and administrative costs are regulated, emphasizing their efforts to shield Americans from rising medical costs [2] Group 2 - Trump expressed a preference for direct subsidies for Americans to purchase insurance but indicated that an agreement to reduce costs could help maintain the Obamacare exchanges [3] - Health care premiums for over 20 million Americans are projected to more than double by 2026, potentially making insurance unaffordable for many [3] - Lawmakers have a limited timeframe to address the issue of rising premiums before the open enrollment period ends on January 15 [4]