Trump Admin Proposes Expanding More Affordable, Short-Term Plans to Combat ObamaCare Costs Trump Admin Proposes Expanding More Affordable, Short-Term Plans to Combat ObamaCare Costs – NTK Network

Trump Admin Proposes Expanding More Affordable, Short-Term Plans to Combat ObamaCare Costs

It's the latest effort from the Trump administration to offer consumers more affordable options in the ObamaCare era.

By NTK Staff | 02.21.2018 @1:00pm
Trump Admin Proposes Expanding More Affordable, Short-Term Plans to Combat ObamaCare Costs

President Trump’s Health and Human Services (HHS) Department announced on Tuesday that it will propose increasing the amount of time individuals can have short-term health insurance that doesn’t comply with ObamaCare rules, in an effort to combat high costs for some under ObamaCare.

“Americans need more choices in health insurance so they can find coverage that meets their needs,” said HHS Secretary Alex Azar. “The Trump Administration is taking action so individuals and families have access to quality, affordable healthcare that works for them.”

The proposed rule, according to the Centers for Medicare and Medicaid Services (CMS), would:

  • Increase from three months to 12 months the “maximum duration” an individual can hold “short-term” insurance that doesn’t comply with all ObamaCare rules
  • “[Include] measures to help consumers who purchase short-term, limited-duration policies understand the coverage they are getting”
  • Help individuals who “are between jobs,” “find ACA [ObamaCare] coverage too expensive,” or “whose doctors are not in network under ACA plans”

According to CMS, these “short-term” plans cost an average of $124 a month, “compared to $393 for an unsubsidized ACA-compliant plan.”

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