Economy and macroUpdated Yesterday

El-Sayed pitches Trump on broad coverage with a gold “Trumpcare” card

Abdul El-Sayed, who won a U.S. Senate seat in Michigan, is pitching a gold health-insurance card that promises comprehensive coverage and puts Trump’s name and signature in large type. He calls the proposal “Trumpcare” and presents it as a way to get Trump to back coverage for every American—not as a plan Democrats have adopted. It’s a broader ask than the separate, narrower possibility of a drug-pricing bargain. A 2022 Congressional Budget Office estimate said different coverage options could raise federal health-care support to $1.5 trillion–$3 trillion by 2030, depending on the option, while total patient out-of-pocket spending would fall. Trump says health-care and drug-price deals could be possible, but expects to veto many bills first. Whether he’ll negotiate remains uncertain, and Democrats are divided over cooperating with him.

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