Biden to roll back Trump's expansion of short-term health insurance plans

[BumRushDaShow]

Source: CNN Politics

Published 5:08 AM EDT, Thu March 28, 2024


CNN — The Biden administration is curtailing short-term health insurance plans, which it calls “junk insurance” that can leave patients contending with big medical bills.

The rule, which was proposed last summer as part of a series of actions aimed at lowering health care costs, limits the duration of new sales of these controversial plans to three months with the option of renewal for a maximum of four months total, the administration said Thursday. It also requires that the plans provide consumers with clear explanations of their benefits, which are typically skimpier than Affordable Care Act policies, and inform them of how to find more comprehensive coverage.

The move is the latest effort by President Joe Biden to contrast his approach to health care with that of former President Donald Trump, who is the presumptive Republican presidential nominee. Trump extended the duration of short-term health insurance plans during his administration in an effort to weaken the Affordable Care Act.

“These junk insurance plans misled consumers into thinking they are buying real health insurance,” Neera Tanden, White House domestic policy adviser, told reporters. “Then when people need medical care, they found out their plans cap their benefits, that their care is related to a preexisting condition, that their care just isn’t covered at all.” “Right when you need insurance the most, you’re stuck footing a giant bill. That’s not real insurance, that’s a scam,” she continued, noting that Trump’s policy change “really hurt consumers.”

Read more: https://www.cnn.com/2024/03/28/politics/short-term-health-insurance-plans-biden/index.html

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Link to White House FACT SHEET - FACT SHEET: President Biden Announces New Landmark Rule to Protect Americans from Junk Health Insurance

[tulipsandroses]

1. I left my job last year to start my own business. I briefly considered COBRA, then started to get emails about these

cheaper alternatives. What a scam. First thing that jumped out to me was they don’t cover pre existing conditions. No thanks.

[Stargazer99]

2. Isn't it time to put some controls on business-moral ones and stop worshipping business

and letting them screw Joe Citizen-oh I forgot who is in control of this country

[nature-lover]

3. My daughter had one of these plans. Thought her maternity care was covered. It wasn't.

Luckily, she contacted her agent and he recommended signing up through the Affordable Care Act, Biden had just extended the sign-up period to help provide pandemic care. What a lifesaver!

[Backseat Driver]

4. What President Biden needs to do is investigate a few of the "health benefit plans" that ARE NOT INSURANCE and skirt

Last edited Thu Mar 28, 2024, 01:12 PM - Edit history (1)

federal and state regulations that pertain to employee health insurance protections. Visit the site and you'll quickly see this not "insurance" benefit plan offers few employee cost or liability protections and lots of "savings"any way employers can get them for the company executives only. How is it that "private" employers per SEC who claim American Dept of Labor ERISA status (?) can only offer their employees this "health claim payer"self-funded benefit plan in which their employees are, in effect, the salesman to gain acceptance in the marketplace by "rushing" their providers' offices and networked hospitals to pay/negotiate the claims presented. Let's just say, "I'm suspicious" Would there be problems of a self-funding employer in this benefits plan in which the employer is also one of the "equity" portfolio investors???

https://vitorihealth.com/

https://www.prnewswire.com/news-releases/vitori-health-announces-30m-in-additional-funding-from-bv-investment-partners-301652856.html