On Sunday, Treasury Secretary Scott Bessent stated that there is currently no formal plan to revamp the Affordable Care Act (ACA), despite President Trump’s recent suggestion to dismantle the program and redirect the funds directly to American citizens.

During an interview with George Stephanopoulos on ABC News’s “This Week,” Bessent confirmed, “We don’t have a formal proposal,” when questioned about Trump’s recent comments.

President Trump, on Saturday, appeared to engage with the ongoing debate regarding the impending expiration of enhanced ACA subsidies. These subsidies are set to lapse at the end of the year, potentially increasing health insurance premiums for millions of Americans.

For nearly six weeks, extending these subsidies has been a key demand for Senate Democrats, who have repeatedly blocked a Republican proposal to reopen the government, doing so 14 times.

Trump took to Truth Social, stating, “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 SO THAT THEY CAN PURCHASE THEIR OWN, MUCH BETTER, HEALTHCARE, and have money left over.”

“In other words, take from the BIG, BAD Insurance Companies, give it to the people, and terminate, per Dollar spent, the worst Healthcare anywhere in the World, ObamaCare,” he continued.

Stephanopoulos pressed Bessent on the lack of a formal plan to overhaul the ACA.

“I’m a little confused because the president been posting about that overnight and into this morning, but you’re not proposing that to the Senate right now?” the ABC anchor asked Bessent on Saturday.

“We’re not proposing it to the Senate right now, no,” Bessent replied.

When Stephanopoulos asked why the president was posting about the proposal, Bessent stressed the need first to reopen the government before negotiating with Democrats over their health care demands.

“George, you know, the president’s posting about it, but again, we have got to get the government reopened before, you know, we do this. We are not going to negotiate with the Democrats until they reopen the government,” Bessent said. “It’s very simple. Reopen the government, then we can have a discussion.”