Biden to crack down on short-term health insurance plans -Politico
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[July 07, 2023]
(Reuters) -U.S. President Joe Biden's administration on Friday is
expected to propose a new regulation cracking down on short-term health
insurance plans, Politico reported, citing five Democrats with knowledge
of the matter.
Biden is due to deliver an announcement on healthcare cost savings on
Friday. A White House official told Politico on Thursday that Biden
plans to announce major actions to lower costs and crack down on junk
fees.
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U.S. President Joe Biden, delivers remarks
on the U.S. economy and his administration's effort to revive American
manufacturing, during his visit in Flex LTD, a factory that makes solar
energy microinverters, in West Columbia, South Carolina, U.S. July 6,
2023. REUTERS/Jonathan Ernst |
The
regulation will curtail a Trump-era expansion of skimpy health
coverage, which critics said undermined the 2010 Affordable Care
Act, also known as Obamacare, and its broad protections for
patients with pre-existing conditions, according to Politico.
The Department of Health and Human Services in 2018 extended the
availability of short-term health insurance plans to millions of
Americans in another Trump administration move aimed at
undercutting the requirements of Obamacare.
Such plans, previously available only for periods of three
months or less, were extended for up to 12 months and could be
renewed. The short duration plans did not include benefits
provided under Obamacare, including maternity coverage and
guarantee of insurance regardless of health.
(Reporting by Rami Ayyub and Doina Chiacu; Editing by Mark
Porter)
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