WASHINGTON - President Donald Trump on Monday said the nation's health care system is on the verge of imploding.
At a White House meeting with dozens of the nation's governors, Trump called Obamacare a disaster and a failure.
He says he has worked out a solution to replace the health care law.
"We're going to repeal and replace Obamacare and get states the flexibility that they need to make the end result really really good for them," Trump said.
Trump did not share any details about the plan.
However, he did say his administration needs to make fundamental changes to the Affordable Care Act before overhauling the nation's tax system.
The president later led a listening session with top health insurance CEOs.
Several executives are concerned uncertainty over the health care law's future is affecting the marketplace.
Trump stressed the need to stabilize insurance markets, bring down prices, and foster competition across state lines.
He says the the government and insurers must work together in order to save Americans from Obamacare.