NOTE: The opinions expressed in this column are the author’s own and do not necessarily reflect the view of the FFL organization.
Unbeknownst to many, August 10th was a big day for health care across our United States. Indeed, that was the day that the Trump Administration’s new rules for “short-term” health plans were effectively realized for those states opting to take them to market.
Short-term plans originally served as stopgap measures for those experiencing brief lapses in health insurance coverage. The plans could be thought of as relief measures – available for no longer than three non-renewable months – for vulnerable individuals, who were waiting to acquire long-term coverage.
In theory, the short-term plans are a great idea. What is not to love about giving more, not less, choices to consumers in the wake of dwindling options because of Obamacare.
These plans could help millions more get insured at rates that are 50 to 80 percent lower than Obamacare exchange rates. Moreover, empowering states to make the best decisions possible for their residents, the new rules are real federalism at work.