Trump plan: Less health insurance for lower costs
WASHINGTON (AP) The Trump administration spelled out a plan on Tuesday to lower the cost of health insurance: give consumers the option of buying less coverage in exchange for reduced premiums.
The proposed regulations would expand an alternative to the comprehensive medical plans required under former President Barack Obama's health law. Individuals could buy so-called "short-term" policies for up to 12 months. But the coverage would omit key consumer protections and offer fewer benefits, making it unattractive for people with health problems.
The plans would come with a disclaimer that they don't meet the Affordable Care Act's safeguards, such as guaranteed coverage, ten broad classes of benefits, and dollar limits on coverage. Insurers could charge more if a consumer's medical history discloses health problems.