The American health insurance system is, for many, an expensive bureaucratic nightmare. The Trump administration has put in place affordable options to inject more choice and competition into the marketplace.
This is the result of two Trump rule changes. The first expands access to "short-term" health plans, and the second allows more people to join "association" health plans. Combined, these two changes are likely to provide more affordable insurance to 8 million Americans. More than 2 million of these people are living without health insurance today.
Short term plans have been expanded from 90 days under
An analysis by the insurance company eHealth found that these plans cost an average of 80 percent less than the cheapest plans on the insurance exchanges. A 25-year-old woman in
A second Trump administration action helps the millions of Americans who work for small businesses or are self-employed. These people lack the leverage to negotiate better rates on their insurance, so their coverage has become very expensive.
Under these association health plans, the same protection for pre-existing conditions apply. The
With these two steps,
ObamaCare plans will still exist - and so will the subsidies for people who prefer to buy that coverage. ObamaCare will just have to compete in the open market with more affordable options. States will still have the authority to regulate these plans, dispelling claims by the liberal left that the policies are junk insurance.
It's this competition that
Their main argument against Republican reforms is that too many people will choose an affordable alternative rather than the one-size-fits-all ObamaCare coverage.
When people can pick affordable insurance that is appropriate for them,
Each of these changes will give people a fair choice. Add them together and they'll help millions of Americans obtain the affordable insurance they have been seeking since before ObamaCare became law.
Read this original document at: https://www.barrasso.senate.gov/public/index.cfm/news-releases?ID=ED15CCF7-6CAF-4880-80F4-C9C3F3B22C51