Biden Wants to Reverse Limits , on Short-Term Health Plans.
On July 7, rules to limit "junk insurance" were proposed by HHS, the Treasury Department and the Department of Labor.
The rules would reverse a 2018 Trump-era regulation, Politico reports.
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Short-term plans are intended to provide temporary coverage as people transition from one source of coverage to another, Neera Tanden, White House domestic policy adviser, via statement.
Under the previous administration, however, companies were able to take advantage of loopholes and sell junk insurance for much longer than intended, Neera Tanden, White House domestic policy adviser, via statement.
The change would only allow short-term health plans to last for three months with a one-month renewal option.
Under Trump, similar plans could last for a year and be renewed for another three years.
This rule would help make these plans fairer and help ensure that consumers know what they're getting when they sign up for insurance, Neera Tanden, White House domestic policy adviser, via statement.
When they don't know what they're getting and get these gigantic bills, they can feel like it's a scam, Neera Tanden, White House domestic policy adviser, via statement.
Biden is set to speak more about his agenda, which aims to lower health care costs, on July 7
