State Insurance Regulators Doubtful That ‘Junk Insurance Is Better Than Nothing’ When It Comes To Short-Term Plans
The regulators were particularly concerned about aggressive and possibly misleading marketing strategies to sell the plans that are being touted by the Trump administration following a rule extending the duration that the coverage can be sold.
The New York Times:
Trump’s Short-Term Health Insurance Policies Quickly Run Into Headwinds
The Trump administration’s efforts to allow health insurers to market short-term medical plans as a cheap alternative to the Affordable Care Act are already running into headwinds, with state insurance regulators resisting the sales and state governments moving to restrict them. State insurance regulators, gathered over the past three days for a meeting of the National Association of Insurance Commissioners, expressed deep concern that short-term plans were being aggressively marketed in ways likely to mislead consumers. Many said the plans, which need not comply with the Affordable Care Act’s coverage mandates, were a poor substitute for comprehensive insurance. (Pear, 8/6)
