The Biden administration is expected to propose a new regulation tomorrow to cut back on short-term health insurance plans.
This rule is long-awaited and expected to reign in the expansion of weak coverage from the Trump years.
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Democrats have criticized the expansion of thin health insurance coverage permitted during the Trump administration.
They, along with patient advocacy groups have criticized this type of skimpy coverage for undermining the Affordable Care Act and the broad protections it provides to patients with pre-existing conditions.
This strategy is to be announced as the White House works to focus the country’s attention on the Biden administration’s efforts to reduce the cost of prescription drugs for seniors, crack down on junk fees, improve the economy, and combat inflation.
The health insurance announcement is expected to be one of many in a speech Biden is expected to make.
President Joe Biden is expected to give a speech at the end of the week. In it, he will detail his plans to change healthcare regulations. He is also expected to “announce major actions to lower health care costs and crack down on junk fees,” said a White House official quoted by SurgeZircUS.
When this article was written, the White House had not yet officially commented about any intentions to change healthcare in this way.
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The proposed new rules have received the green light from the White House’s budget office as of last week, according to a regulatory review notice posted on its official website. This indicates that the proposed regulations have reached the final internal stages.
A newer short-term health insurance plan policy has been created to “ensure this type of coverage does not undermine the Affordable Care Act” or other coverage markets, said the description of the rule on the White House website.
