The U.S. Senate rejected a Democratic attempt to roll back a Trump administration rule that would allow states to disregard part of the Affordable Care Act and permit the sale of what some call “junk insurance.”
On Wednesday, Senators voted 43-52 against the resolution that would overturn an administration rule that would permit states to opt out of certain requirements set forth in the ACA.
Democrats wanted to overturn an administration rule that makes it easier for states to opt out of certain ACA requirements and allows for the sale of cheaper, less-inclusive plans than ones offered under the ACA.
Some Democrats have termed the plans “junk insurance” because carriers can refuse to cover people with pre-existing conditions.
Republicans and the Trump administration have repeatedly said they will continue to advocate for ways to end the Affordable Care Act while protecting people with pre-existing conditions.
A federal circuit court in New Orleans is expected to rule shortly on an administration-backed lawsuit to overturn the entire health care law.
Breaking: Fed Cuts Rates For Third Time This Year
NAIC Commissioners Racing The Clock To Finish Annuity Sales Model
Advisor News
- IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
- The hidden flaw in insurance AI adoption for advisors and carriers
- Rising healthcare costs impact 401(k) accounts
- What advisors think about pooled employer plans, alternative investments
- AI, stablecoins and private market expansion may reshape financial services by 2030
More Advisor NewsAnnuity News
- MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
- The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
- AuguStar Retirement launches StarStream Variable Annuity
- Prismic Life Announces Completion of Oversubscribed Capital Raise
- Guaranteed income streams help preserve assets later in retirement
More Annuity NewsLife Insurance News
- Kansas official running for governor received $300K in donations before key decision
- Investigators say C.R. man's life insurance claims for 3 children were fraudulent
- Shocking death of Kyle Busch renews debate over IUL plan
- WoodmenLife launches final expense life insurance offering
- The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
More Life Insurance NewsProperty and Casualty News
- New Mexico counties cite rising costs from Civil Rights Act, aim to push for changes
- Kokua Line: How do FEMA grants compare to flood insurance?
- LEDA insurance coverage to be reviewed
- Louisiana wants $50 million for fortified roofs. Here’s how it could help insurance rates.
- Investigators say C.R. man's life insurance claims for 3 children were fraudulent
More Property and Casualty News