Republican efforts to roll back the Affordable Care Act’s insurance reforms continued Tuesday, when the Trump administration proposed regulations that would make it easier for health insurers to sell cheap, short-term policies that leave out key benefits and are available only to people in good health.
Announcement of the proposal, which has been in the works for several months, came two months after President Donald Trump signed Republican legislation eliminating the individual mandate, which makes people pay a financial penalty if they don’t have insurance.
Taken together, the two steps ― getting rid of the mandate and then changing the rules on short-term plans ― could accelerate an evolution already underway for people buying insurance on their own, rather than through an employer.
In many states, premiums have risen substantially in the past few years, as plans have struggled to attract customers in relatively good health. Federal tax credits, which the Affordable Care Act also created, insulate low- and many middle-income people from these increases ― allowing them to get comprehensive coverage, regardless of medical status, at low prices.
SOURCE: YAHOO NEWS
Thursday, 22 February 2018
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