New Cato Study: "Biden Short‐​Term Health Plans Rule Creates Gaps in Coverage"

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New Cato Study: "Biden Short‐​Term Health Plans Rule Creates Gaps in Coverage"

14 Mar 2024

Any day now, the Biden administration could issue a regulation that, if it mirrors what the administration proposed in July, would take comprehensive health insurance away from some 500,000 consumers. Worse, exposing consumers to those risks appears to be the purpose. Some three million consumers are opting to purchase "short- term" health insurance plans instead of ObamaCare plans. The Congressional Budget Office says short- term plans offer "comprehensive major medical" insurance with "lower deductibles or wider provider networks" at a cost "as much as 60 percent lower than premiums for the lowest- cost [ObamaCare] plan." All this is possible because Congress exempts short- term plans from all federal health insurance regulations, including ObamaCare.

Authors

Michael F. Cannon

Published in
United States of America