Mar. 29 at 3:33 PM
$CVS U.S. President Donald Trump said the Affordable Care Act should be scrapped and replaced with a system that sends payments directly to individuals, rather than insurers.Get premium news and insight by upgrading to InvestingPrIn a post on Truth Social, Trump criticized what he called the “Unaffordable Care Act,” arguing that funds should go straight to Americans so they can purchase their own healthcare coverage instead of relying on insurance companies.He added that the current system is unsustainable and reiterated his long-standing stance that Obamacare should be replaced with a more consumer-driven model.The latest comments from Trump could negatively impact health insurance companies including Unitedhealth Group (NYSE:UNH), Elevance Health Inc (NYSE:ELV), CVS Health Corp (NYSE: CVS), CNC NYSE:HUM