Health care plans under consideration by the Trump White House include proposals that would expand Medicaid, create a public option for insurance, expand coverage for children, and allow individuals to purchase insurance across state lines.
Read MoreFrom the White House:The President is also expected to sign a sweeping overhaul of the nation’s tax code that would eliminate tax rates on the wealthiest Americans while raising taxes on the middle class and small businesses.
A White House official told Fox News that President Trump will unveil his plan on Thursday.
The official did not have more details.
Trump has also reportedly been negotiating with the Republican-led Congress over a package of health care reform legislation.
The two parties are expected to release a final bill later this month, but it is unclear how close the legislation is to reaching a final vote.
The White House has been scrambling to find a way to meet Trump’s demands for more than $1 trillion in tax cuts for individuals and businesses and to pay for them with additional spending cuts and revenue increases, including raising the nations debt ceiling.
Republicans have warned that if the country’s debt continues to spiral out of control, the country could run out of money in the coming years.