Trump cares about ballrooms and billionaires, not Americans' health care: Fmr. HHS Secy.

Healthcare Costs & Subsidies - A Texas family of four faces a premium increase from $1,200/month to over $3,500/month without subsidies, resulting in over $43,000/year out-of-pocket costs [2] - Subsidies are critical to about 20 million people, highlighting the importance of addressing healthcare costs [3] - The cost of healthcare is rising across various sectors, including Medicare, Medicaid, and employer plans [4] - In 2023, insurers received an estimated $92 billion in ACA subsidies [7] Affordable Care Act (ACA) & Potential Changes - The current administration's proposed approach of giving people money to negotiate healthcare on their own could potentially destroy the existing healthcare market for 20 million people [5] - The ACA ensures that individuals with pre-existing conditions cannot be refused coverage or charged more than the group plan rate [6] - The speaker suggests that the current administration doesn't understand or care about healthcare, particularly the ACA [5][11] Alternative Healthcare Models - Medicare and Medicaid have the lowest administrative costs, leading to a discussion about Medicare for All as a potential alternative [9] - The current system involves individuals not supported by employer plans buying their own coverage with certain protections [10]