1/3/2024 0 Comments Chiefs roll with it![]() ![]() “Often consumers think they’re buying insurance that provides some decent coverage, not realizing these junk plans can limit what they cover and how much they cover,” White House domestic policy adviser Neera Tanden told reporters Thursday. The Trump administration heralded them as a cheaper alternative to Affordable Care Act policies since the limits on benefits allow short-term plans to carry lower premiums.īut Biden administration officials refer to short-term plans as “junk insurance.” For instance, they are not required to provide comprehensive coverage, and they can discriminate against people with pre-existing conditions. Short-term plans do not have to adhere to Obamacare’s consumer protections. The move was one of many actions the prior administration took to chip away at the Affordable Care Act. ![]() The proposal would largely reverse former President Donald Trump’s expansion of short-term plans in 2018, which extended the duration of the policies to just under a year and allowed them to be renewed for a total of up to 36 months. It would also require that plans provide consumers with clear explanations of their benefits, which are typically less comprehensive than other policies. The proposed rule, announced Friday as part of a series of actions aimed at lowering health care costs, would limit the duration of these controversial plans to three months with the option of a one-month extension. The Biden administration wants to crack down on short-term health insurance plans, which it says can leave patients saddled with hefty medical bills. ![]()
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