Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Is Virtus KAR Small-Cap Growth I (PXSGX) a Strong Mutual Fund Pick Right Now?
    • 3 Principal Financial Group Mutual Funds to Keep on Your Radar
    • Reliance Industries fell 25% this year: Which mutual funds have the highest exposure — and should you be worried?
    • Halifax
    • Quantum Computing ETFs Are Having a Moment — Here’s What They Actually Hold
    • SP Group to raise $125 million via tap issue, Rs 3,250 crore in rupee bonds
    • 2 Solid Mutual Funds to Boost Your Portfolio on Surging Retail Sales
    • Crypto ETFs Surge as Bitcoin Funds Add $2.95 Billion in 30 Days
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»‘Money-Sucking Insurance’: Trump Urges Senate To End Obamacare, Send Funds Directly To People | World News
    Funds

    ‘Money-Sucking Insurance’: Trump Urges Senate To End Obamacare, Send Funds Directly To People | World News

    November 8, 2025


    Last Updated:November 09, 2025, 07:20 IST

    Donald Trump urged Senate Republicans to end Obamacare, accusing “money-sucking insurance” firms of wasting billions, and called for sending healthcare funds directly to Americans.

    US President Donald Trump. (Reuters File)

    US President Donald Trump. (Reuters File)

    Amid an ongoing government shutdown and financial crunch, President Donald Trump has renewed his criticism of the Affordable Care Act (ACA), commonly known as “Obamacare,” urging Senate Republicans to send healthcare funds “directly to the people” instead of “money-sucking insurance companies.”

    In an X post amplified by the White House, Trump stated, “I am recommending to Senate Republicans that the Hundreds of Billions of Dollars currently being sent to money sucking Insurance Companies in order to save the bad Healthcare provided by ObamaCare, BE SENT DIRECTLY TO THE PEOPLE…”

    Direct medical payments to Americans

    Trump’s proposal means redirecting federal subsidies which are currently distributed through insurance providers to individual Americans, who would then have the freedom to purchase their own healthcare coverage or use the funds as they see fit. While no detailed legislative plan has been unveiled, the idea aligns with conservative proposals for government-funded health savings accounts or flexible spending schemes.

    According to Trump, direct payments would empower citizens, reduce bureaucracy, and eliminate what Trump described as the “middlemen” profiting from the ACA’s structure. Several Republican lawmakers and right-leaning policy groups have welcomed the renewed focus on personal choice and cost transparency in healthcare spending.

    Meanwhile, Democrats and healthcare advocates, however, have warned that dismantling ACA subsidies could destabilise insurance markets and leave millions without affordable coverage. They argue that subsidies paid to insurers are essential for maintaining stability and ensuring access to care for low- and middle-income Americans.

    Trump’s decision also reflects his broader campaign promise to “repeal and replace” the Affordable Care Act, a goal that eluded his administration during his previous term. While Senate Republicans have yet to formally respond to his recommendation, the proposal has reignited the debate over whether America’s healthcare system should rely on government-mediated insurance or direct citizen support.

    What is Affordable Care Act (ACA) or “Obamacare”?

    The Affordable Care Act (ACA), also known as Obamacare, is a health law passed in the United States in 2010. Its goal is to help more people get affordable health insurance and improve healthcare access.

    The law expanded Medicaid, a government health programme for low-income people, and created insurance marketplaces where people can buy health plans with the help of government subsidies.

    Shuddhanta Patra

    Shuddhanta Patra

    Shuddhanta Patra, a seasoned journalist with eight years of experience, serves as Senior Sub‑Editor at CNN News 18. With expertise across national politics, geopolitics, business news, she has influenced public…Read More

    Shuddhanta Patra, a seasoned journalist with eight years of experience, serves as Senior Sub‑Editor at CNN News 18. With expertise across national politics, geopolitics, business news, she has influenced public… Read More

    Location :

    Washington D.C., United States of America (USA)

    First Published:

    November 09, 2025, 07:20 IST

    News world ‘Money-Sucking Insurance’: Trump Urges Senate To End Obamacare, Send Funds Directly To People
    Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

    Read More



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    The Quiet Inflation Fighters: How Debt Mutual Funds Protected Purchasing Power

    September 26, 2026

    US equity funds post first inflow in five weeks on renewed AI optimism

    September 25, 2026

    How many funds should you hold?

    September 24, 2026
    Leave A Reply Cancel Reply

    Top Posts

    Why was I allowed to trade high-risk investments?

    September 24, 2026

    SIP share of gross equity flows rises to 43% in August, highest in 2 years: Franklin Templeton MF

    September 24, 2026

    SP Group to raise $125 million via tap issue, Rs 3,250 crore in rupee bonds

    September 29, 2026

    Quantum Computing ETFs Are Having a Moment — Here’s What They Actually Hold

    September 29, 2026
    Don't Miss
    Mutual Funds

    Is Virtus KAR Small-Cap Growth I (PXSGX) a Strong Mutual Fund Pick Right Now?

    September 30, 2026

    On the lookout for a Small Cap Growth fund? Starting with Virtus KAR Small-Cap Growth…

    3 Principal Financial Group Mutual Funds to Keep on Your Radar

    September 29, 2026

    Reliance Industries fell 25% this year: Which mutual funds have the highest exposure — and should you be worried?

    September 29, 2026

    Halifax

    September 29, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Markets Brief: Value ETFs Making a Big Tech Bet, Nvidia’s Dealmaking, and the Cybersecurity Stock Outlook

    August 30, 2026

    New investments in environmental resilience are a win that can be celebrated by all • NC Newsline

    August 5, 2024

    Institutions hold $13b of Bitcoin ETF shares

    October 22, 2024
    Our Picks

    Is Virtus KAR Small-Cap Growth I (PXSGX) a Strong Mutual Fund Pick Right Now?

    September 30, 2026

    3 Principal Financial Group Mutual Funds to Keep on Your Radar

    September 29, 2026

    Reliance Industries fell 25% this year: Which mutual funds have the highest exposure — and should you be worried?

    September 29, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    🇮🇸 CPP Investments and Equinix complete atNorth acquisition to support growth of leading Nordic data center platform

    September 1, 2026
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.