https://www.wsj.com/articles/bidens-short-sighted-new-health-rule-96d90d3e?mod=opinion_lead_pos3
Here’s a definition of Bidenomics you won’t hear from the White House: Forcing Americans to buy expensive products they don’t want or need. Behold the President’s plan to limit short-term health insurance plans in order to jam more consumers into the heavily subsidized and regulated ObamaCare exchanges.
The Health and Human Services, Labor and Treasury Departments on Friday proposed rules to roll back the Trump Administration’s expansion of short-term, limited-duration insurance (STLDI) plans. Since 2018 these plans have been available in 12-month increments, and consumers have been able to renew them for up to 36 months.
Short-term plans aren’t required to provide comprehensive benefits, including pediatric services, maternity care and mental health treatment. They are thus much cheaper than the heavily-regulated plans on the ObamaCare exchanges, which must provide 10 “essential” benefits and are restricted in their ability to charge premiums based on age and risk.
These plans are especially attractive to young people whose employers don’t provide coverage. Why would a healthy 26-year-old want to pay for maternity, pediatric and other services he probably won’t use in the near future? Instead, he could use the thousands of dollars in savings from enrolling in short-term plans to repay student loans.