Jonathan Ernst | Reuters
President Donald Trump hosts a meeting of the National Space Council inside the East Room of the White House in Washington, U.S., June 18, 2018.
The Trump administration on Tuesday issued a rule which will enable millions of Americans to buy skimpy health insurance plans which do not comply with key Obamacare coverage requirements, marking its latest effort to chip away at the Affordable Care Act.
The rule, which the Labor Department will post Tuesday, allows little businesses in addition to also also those who are self-employed to band together in addition to also also buy lower-cost health insurance policies, similar to large employers.
nevertheless these insurance plans would likely not be subject to requirements under the Affordable Care Act, which included mandatory coverage for 10 essential health benefits, such as maternity in addition to also also newborn care, prescription drug costs in addition to also also mental health treatment. They are required to be far less expensive than Obamacare plans.
Health providers, insurers in addition to also also medical groups have warned which the plans could drive up premiums in addition to also also make insurance unaffordable for some people by siphoning healthy consumers who want cheaper coverage, leaving behind a pool of sicker patients with higher medical costs in ACA plans.
The rule is actually the Trump administration’s most recent effort to provide consumers with alternatives to Obamacare, former President Barack Obama’s signature domestic policy achievement. Republicans, who control both chambers of Congress in addition to also also the White House, repeatedly failed last year to repeal in addition to also also replace the law, a top presidential campaign promise of President Donald Trump.