The White House Council of Economic Advisers (CEA) estimated that 13 million Americans will have increased access to health care due to President Donald Trump’s executive action, according to a report released recently.
The CEA estimated that millions of Americans will have new health insurance access that is better tailored to their healthcare needs that were previously unavailable due to high healthcare prices and overregulation. The council attributed much of the increase to the president’s reforms to expand short-term limited-duration health insurance plans, association health plans (AHPs), and health reimbursement accounts (HRAs).
Short-term plans cost less than Obamacare plans because federal statute does not require the insurance plans to comply with all of Obamacare’s onerous insurance regulations; thus, they serve as a good alternative for many younger and healthier Americans.
The Trump administration’s rule allowed Americans to purchase short-term plans for up to 364 days…
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