January 19, 2019

Trump agrees to let insurers sell cheaper health plans than ObamaCare

06 August 2018, 10:27 | Rodolfo Wallace

Trump agrees to let insurers sell cheaper health plans than ObamaCare

Trump agrees to let insurers sell cheaper health plans than ObamaCare

Chicago, Columbus, Cincinnati and Baltimore are now suing the Trump administration over the move, accusing the president of "undermining the law". To get around the three-month limit, she purchased four plans to run back-to-back, a practice called stacking. But only the short-term plans can also charge higher prices to customers with medical conditions that require care, deny them coverage, or avoid covering health problems that a customer had before buying the insurance - all practices that the ACA bans.

By drawing younger or healthier consumers out of the ACA marketplace, the short-term plan expansion will add up to a 1.7 percent increase to premiums next year, according to the industry lobbying group America's Health Insurance Plans.

The final rule will take effect in 60 days, just before the new open enrollment period for the Affordable Care Act. Under the new rule, the 12-month plans can be renewed for up to 36 months. Still, the fact that people with pre-existing conditions - which could be anything from acne to cancer - can be discriminated against or not have bills related to the condition covered will likely cause many people with health problems to avoid the new plans.

Short-term plans are cheaper than ACA plans.

An HHS spokeswoman told NPR the department does not comment on pending litigation, but in an interview on Fox News on Thursday, Secretary Alex Azar asserted the insurance law "is still broken".

The plans don't have to comply with Affordable Care Act rules including: coverage of essential benefits; prohibition against medical underwriting; limits on premium variations based on age, sex or health status; elimination of annual and lifetime benefit caps; annual limits on out-of-pocket costs; and the requirement that plans spend no more than 20% of premiums on administrative costs and profit. This will make short-term health plans easier and more affordable for patients to access, HHS says.

"The broader availability and longer duration of slimmed-down policies that do not provide comprehensive coverage has the potential to harm consumers, both by making comprehensive coverage more expensive and by leaving some consumers unaware of the risks of these policies", said Senator Ron Wyden in a statement to Politico.

Aetna, headquartered in Hartford, was more supportive of the administration's plan.

People who don't get insurance through their jobs will now be able to buy short-term policies that may be cheaper than Affordable Care Act coverage.

Call of Duty: Black Ops 4 Multiplayer Beta Trailer
Any and all support helps keep DualShockers as a standalone, independent platform for less-mainstream opinions and news coverage. Although you might want to free up some space on your HDD considering the Black Ops 4 Beta Client is around 16 GB, DON'T DO IT.

Pope Francis changes capital punishment teaching, now finds death penalty 'inadmissible'
In the Western world, today, only the United States and Belarus retain capital punishment for crimes not committed during wartime. Francis in a 2015 speech to the US Congress said that human life must be defended "at every stage of its development".

Johnny Manziel’s CFL Debut Was The Complete Opposite Of Impressive
Montreal's head coach, Mike Sherman, recruited Manziel to Texas A&M , coaching him during his redshirt season. That's Nathan Peterman territory right there. "But I didn't lack any confidence coming into the game".

"Our hope is folks who are looking at short-term coverage instead of the ACA are doing so with their eyes open", said Sean Malia, senior director of carrier relations with eHealth, a private online insurance marketplace.

During the Obama administration, health officials became concerned that, as premiums for ACA health plans were becoming more expensive, some people were starting to rely on these alternatives as an end-run around the comprehensive coverage the law was created to promote. Under the rule, insurers are required to warn their customers that the policies may not cover pre-existing conditions and may offer limited benefits.

"Consumers should be assured that insurers will not deny claims for current medical care based exclusively on medical treatment received years earlier", Aetna said.

A major insurer group is warning that the Trump administration's short-term health insurance plans could be harmful for consumers.

"We fully recognize that these products are not necessarily for everyone, but we do think they will provide an affordable option to many, many people who've been priced out of the current market under the Obamacare regulations", said Randy Pate, a deputy administrator at the Centers for Medicare & Medicaid Services. Chris Murphy, D-Conn. "That's simply not health insurance. But with the number of uninsured people going up, our ability to recoup is hurt, and that's a direct result of President Trump trying to sabotage the ACA".

The report says that premiums would vary considerably depending on geography and types of plans, and the focus in on the nationwide average. Democrats want to prop up ObamaCare no matter the cost, but the goal of government policy should be to support a system that offers consumers the choice of coverage that best works for them.

The plans could also help lower deductibles for those who choose to buy them.

Such health plans have long existed, and their idea was to provide temporary coverage for people who are between jobs or have other brief need for affordable insurance.

Other News

Trending Now

Saudi expels Canadian envoy, recalls its envoy over 'interference'
The move comes after Canada said it was "gravely concerned" about the arrest of several human rights activists. Badawi's wife was recently granted Canadian citizenship.

Spanish pilots union sues Ryanair over contracts
Spanish pilots union Sepla has stated that it is suing strike-hit Ryanair in Spain's High Court over its pilot contracts. Forsa announced the news earlier today after little progress had been made between trade unions and the airline.

Demi Lovato 'Agrees To Rehab' After Family Plea
Her closest friends and family, including ex-boyfriend Wilmer Valderrama , have reportedly been by her side during her recovery. Months later, she hinted at a relapse with the release of her song " Sober ". "We just don't know where her head is at".

Trump insults Koch brothers as 'total joke' in GOP circles
The Koch officials over the weekend also criticized the Trump administration and indicated they may help Democrats. The Koch network largely ignored the criticism. "We look forward to working with anyone to do so".

Athletes, fans slam Donald Trump for insulting LeBron James
Minnesota Timberwolves big man Karl-Anthony Towns urged President Trump to get off Twitter and "get stuff done for our country". Even Michael Jordan - known for his reluctance to comment on political and societal matters in his prime - weighed in.

Film Mission impossible-6 showed a 600-meter cliff
Disney's live-action Winnie-the-Pooh revival " Christopher Robin " opened on the low side of expectation with $25 million. Thus far, the film has made $328 million at the box office against a $178 million budget.

Khartoum: South Sudan government and rebels reach peace deal
Washington has been sceptical about the success of the latest peace initiative, given the fiery enmity between Kiir and Machar. The transitional Parliament will comprise 550 lawmakers, 332 from Kiir's side and 128 from Machar's faction.

US Crude Inventories Rise Unexpectedly As Imports Jump
United States crude inventories rose 3.8 million barrels last week, according to data from the Energy Information Administration. During the first half of the year, China imported an average of 330,000 Bpd from US producers.

China proposes retaliatory tariffs on $60B of US products
Mid-July, Trump threatened $500 billion in tariffs on China imports, escalating his prior threat to impose $200 billion on China. China promptly promised it would take countermeasures of its own.

'Facts of Life' Star Charlotte Rae Dies at 92
In 2014, the cast including Mindy Cohn, Geri Jewell, Lisa Whelchel and Nancy McKeon all got back together for a 35-year reunion. Garrett began on the show "Diff'rent Strokes" (1978-84.) She also briefly reprised the role on the shore-lived "Hello, Larry ".