Trump says $50B rural health plan funded by cutting Medicaid 'waste, fraud and abuse'

President Donald Trump announced a $50 billion increase in rural healthcare funding, claiming savings from cutting Medicaid waste will revitalize hospitals.

President Donald Trump, center, speaks during an event to promote investment in rural health care with Agriculture Secretary Brooke Rollins, left, and Health and Human Services Secretary Robert F. Kennedy Jr., right, in the East Room of the White House Friday, Jan. 16, 2026. (Alex Brandon/AP Photo)

"We increased funding for rural health care by an unprecedented, record-setting $50 billion over five years, which will benefit Americans in all 50 states, and this was made possible by cutting massive waste, fraud and abuse from Medicaid and reinvesting those funds to revitalize hospitals in our cherished rural communities," he added.

President Donald Trump; Administrator of the Centers for Medicare and Medicaid Services Mehmet Oz; Health and Human Services Secretary Robert F. Kennedy Jr.; Nebraska Gov. Jim Pillen; Agriculture Secretary Brooke Rollins; Sen. Dan Sullivan, R-Ark.; Rep. Mike Lawler, R-N.Y.; and Rep. Rob Bresnahan, R-Pa., participate in a roundtable on rural health at the White House Jan. 16, 2026.  (Nathan Howard/Reuters)

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In its fact sheet on the plan, the White House highlighted several main points, including lowering drug prices, lowering insurance premiums, holding insurance companies accountable and maximizing price transparency. Trump touched on several of the elements of the plan during the roundtable and said that hospitals that accept Medicaid and Medicare will be required to prominently post prices so that patients are aware of the cost of their care.

During the roundtable Friday, Trump implored Congress to enact the Great Healthcare Plan, but the president said he was confident Republicans would back it.

Rachel Wolf is a breaking news writer for Fox News Digital and FOX Business.

https://www.foxnews.com/politics/trump-says-50b-rural-health-plan-funded-cutting-medicaid-waste-fraud-abuse