Moving to make changes in the Obama health law, the Trump Administration issued a new rule on Wednesday which will permit consumers to buy limited health insurance plans that don’t meet all the coverage requirements under the Affordable Care Act, but might be more attractive to individuals who would like the opportunity to pay lower premiums for a policy that offers less comprehensive health care coverage. “President Trump is bringing more affordable insurance options back to the market,” said Health and Human Services Secretary Alex Azar, as the White House flexed its administrative muscles to continue to grind away at the Obama health law. “These plans aren’t for everyone, but they can provide a much more affordable option for millions of the forgotten men and women left out by the current system,” Azar added, as the White House tries to make some health care system changes, after watching the GOP Congress fail in the efforts to repeal the Obama health system. “Short term, limited-duration health plans will help millions of Americans who were shut out of insurance markets due to Obamacare,” the White House said. “Americans trapped under rapidly escalating health care costs are desperate for more affordable alternatives,” said Freedom Partners Executive Vice President Nathan Nascimento, as conservative groups hailed the move. While the plan has the strong support of President Trump, GOP lawmakers, and outside groups, ultimately, it will be up to individual states to determine whether these type of short-term health insurance plans will be allowed for… [Read full story]
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