Today, I'm very thrilled to make an important announcement on the cost of healthcare affecting hardworking families all across the United States. Our administration has discovered that under sleepy Joe Biden, American households buying health insurance through the Obamacare exchange, which is a disaster, and the healthcare.gov, were massively overcharged, to put it mildly.
They were forced to pay excessive fees totaling at least $500 million. The last administration knew about this and they studied it, but they kept the money. They just kept it. They never let anyone know. Our administration is doing the right thing, and giving the money back to the people who were wrongly ripped off.
Nearly one million hardworking Americans in 30 states will soon be getting refunds of $500 each, with a check sent to their home address. In many cases, these refunds will cover the entire spike in your insurance caused by Democrats, who solely work to protect big insurance companies. The big insurance companies own the Democrats.
Congress must now quickly pass the Great Healthcare Plan. It's called the Great Healthcare Plan. Cost of healthcare for all Americans is coming down under my plan. We will stop all payments to big insurance, and give the money directly to the people, who will then be able to buy better health care at a much lower cost, and keep the money, and keep the difference.
We'll have maximum price transparency, and require all prices to be posted in plain, beautiful English. And we will get insurance companies to disclose their profits and how many claims they deny, so that we know the good ones from the bad.
But the relief begins with refunding everyone who is overcharged. The rebates are going out in just a few weeks. Thank you very much.
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