Households at the top of the U.S. income ladder would see taxes on their wages and investments drop under the House Republicans' new health-care proposal.

Some large health insurance companies have suffered losses under the Affordable Care Act, leading to a few high-profile exits from the online marketplaces. Humana is just the latest, announcing in January that it will stop offering health insurance on the ACA health exchanges at year’s end.

In his first address to a joint session of Congress — a high-wattage moment to articulate his central goals — President Trump defied expectations he had repeatedly set that he was about to unveil a concrete plan to abolish the Affordable Care Act and steer federal health policy onto a more conservative path.

President Donald Trump on Tuesday urged Democrats to work with Republicans in Congress to repeal and replace the Affordable Care Act, which he claimed, yet again, is a "disaster."

President Donald Trump said on Sunday he will offer details on how he would like to overhaul President Barack Obama's signature healthcare law in a speech to the U.S. Congress on Tuesday.

"2017 is going to be a catastrophic year for Obamacare for patients," said Trump, saying the public health care exchanges are "going to absolutely implode." He cited rising premiums as a factor. Premiums were steadily rising for all insurance policies for years and experts said the hikes for Obamacare were partly due to them initially being priced artificially low.