The Trump administration is actually clearing the way for a lower-cost alternative to comprehensive medical insurance plans sold under former President Barack Obama’s health-care law.
Proposed regulations out Tuesday through the Health as well as Human Services department allow health insurers to sell so-called “short-term” policies which can last up to 12 months. The plans don’t have to meet the Affordable Care Act’s consumer protections, or offer a robust benefit package.
which means short-term policies will come with lower premiums. The administration is actually hoping which will help several million consumers who buy individual plans however aren’t eligible for subsidies under the Obama health care law.
Critics say short-term policies will draw healthy people away through the health law’s insurance markets, potentially producing them less stable as well as raising subsidy costs for taxpayers.