As Republicans look for ways to loosen the Affordable Care Act’s coverage requirements, sales of short-term health insurance policies could take off.
Short-term health plans have been around for decades, bridging coverage gaps for people who are between jobs or have recently graduated from school, among other things.
After the Affordable Care Act was enacted, some people gravitated toward the short-term plans because they were willing to trade comprehensive coverage for a cheaper sticker price — even if it meant paying a tax penalty for not having the comprehensive coverage required in the law. Sales increased sharply.
Now, as Republicans look for ways to loosen the health law’s coverage requirements and explore the possibility of not enforcing the requirement that people have health insurance, sales of short-term plans may be poised to grow even more. If that happens, consumer advocates say it could be bad for consumers.
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