By Jonathan Ingram
Foundation for Government Accountability, Oct. 30, 2018
In August 2018, the Trump administration finalized a rule to strengthen short-term plans by allowing individuals to keep them for a period of up to 364 days (and renew them for up to three years). The new rule is one of several strategies the Trump administration has pursued to offer more affordable options to millions of Americans who were priced out of the insurance market by skyrocketing premiums. New research from the Foundation for Government Accountability finds that for the average monthly premium for a 40-year-old non-smoking female, short-term plans would be 59% less expensive than individual market plans. For the same patient, there would be eight times as many short-term plans available. Read More…