Trump Signs Executive Order Offering Low-Cost Obamacare Alternatives

| OCT 12, 2017 | 3:59 PM

Chip Somodevilla/Staff/Getty Images

Thursday morning saw President Donald Trump signing an executive order on the issue of health care. The executive action taken by the president aims to offer alternatives to Obamacare and bring consumer costs down.

According to Trump, the executive order “directs the Department of Health and Human Services, the Treasury, and the Department of Labor, to take action to increase competition, increase choice, and increase access to lower priced, high-quality health care options.”

“This will cost the United States government virtually nothing,” the president said of his health care action Thursday morning.

Continuing to detail what this executive action would entail, Trump said that it would allow employers to “purchase the health plans their workers want.” He continued, saying that he was directing Labor Secretary Alexander Acosta to “consider ways to expand these associations and these health care plans all across state lines.”

After introducing the owners of a small business to those assembled, Trump claimed that he would also be expanding “short-term, limited duration insurance,” policies that are not subject to “expensive” Obamacare rules and regulations.

“So we're going to have a very widely available plan that's going to cost much less and from the standpoint of the United States government, we will be very happy,” Trump said.

Additionally, Trump said that the order would allow the possibility of “more businesses to use tax-free health arrangements” or “compensate their employees for their health care expenses.”

“This order takes first steps to make it easier for businesses to help their workers afford high-quality and more flexible health care through reimbursement accounts,” the president said. “With these actions, we are moving toward lower costs and more options in the health care market and taking crucial steps towards saving the American people from the nightmare of Obamacare.”

“Today is only the beginning,” Trump said, rounding out his remarks. “In the coming months, we plan to take new measures to provide our people with even more relief and more freedom.”

Watch the president's remarks above, via CNN.