Punishing the young
The proposed rule is sickening, figuratively and probably literally, too. It should not be allowed to take effect.
Biden says he is "cracking down on junk insurance" by limiting allowable options for some time-limited policies. What his nanny-bureaucrats call "junk" is insurance that 1.5 million people now, and 3 million since 2018, have chosen as the best option for their needs. These short-term health plans provide an attractive, less costly option, especially attractive to younger, healthier people.
They may not cover every benefit the Biden commissars want to force us all to buy, but that should not be the government's concern. If a person buying insurance is a 25-year-old man or a fit 50-year-old woman, why should they be forced to pay for coverage of, for example, breastfeeding equipment and birth control? Or for pregnancy, maternity, and newborn care?
Analysts say the short-term plans can save customers 50%-80% in monthly premiums, or about
The
When former
Biden thinks government must protect people from their own decisions, even if it costs them a lot of extra money.
This Biden rule is about transferring wealth from young healthy people who require little medical care to older people who need more. It will make young people poorer when they need all the money they can get to start a family.
Lawmakers should block Biden's proposed rule limiting short-term plans, and citizens should flood the government through "public comment" forums for federal rule making. Biden's obsession with punishing the young to subsidize the old shouldn't be allowed to make the whole system less healthy.
— The Washington Examiner


Aflac launches new group term life insurance
InsurTech Leader FastTrack Strengthens Product Innovation Efforts, Welcomes Jared Shaw from Vitech Systems Group
Advisor News
- Navigating client communication in a digital age
- Can your advisory firm survive without you?
- I started using AI, but what now?
- How to support an entrepreneur client with multiple businesses
- Could a narrower focus help grow your practice?
More Advisor NewsAnnuity News
- Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
- MassMutual Expands Lending Options With New Secured Credit Line
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
More Annuity NewsHealth/Employee Benefits News
- Health plans task force fight Medicaid fraud
- Recent Findings from Brown University Provides New Insights into Managed Care (Use of Brokers In Medicare Advantage and Standalone Part D Plans): Managed Care
- More than 1,700 Pottawattamie County residents face Medicare plan cancellations
- KENTUCKY CAN CUT HEALTH PREMIUMS WITHOUT SPENDING A DIME
- SpecialtyCare sues Anthem over $2.5 million in unpaid awards
More Health/Employee Benefits NewsLife Insurance News