Potential Downsides For Consumers With New Short-Term Plans

The short-term plans are not yet available, but several large insurers are expressing concern.  They say the broader availability and longer duration of these slimmed-down policies has the potential to harm consumers. Those who rely on short-term plans for an extended time period will face high medical bills when they need care that isn’t covered or exceed their coverage limits.  Please see the AP, the Huffington Post and the Los Angeles Times for more information.

Access to Short-Term Plans Expanded By The Administration

A final rule by the Trump administration clears the way for short-term policies that the administration claims will help people who are struggling to afford coverage. These policies are intended to fill brief gaps in coverage and will be available for 12 months at a time.  Some say these policies may not be right for everybody.  Please see The New York Times, the Washington Post and USA Today for more information.

ACA’s Risk Adjustment Program Reinstated

In an abrupt reversal, the ACA’s risk adjustment program has been restored  It seems the administration agreed with critics, that if the program remained suspended, it could potentially cause chaos for consumers.  Please see The New York Times for more information.

High Deductible Health Plans

High Deductible health plans are on the rise in the US. Approximately 39% of large employers only offer high-deductible plans, and increase of 7% from 2009. Even though they’ve been on the rise, employers are now questioning the move and are considering reducing deductibles. For more information please see Bloomberg News.