A step has been taken to mitigate the destructiveness of Obamacare. A new rule has been promulgated by the Trump administration that will
allow for the proliferation of cheaper, less-comprehensive health plans that have been restricted by the former Obama administration.
Under the rule, actual health insurance plans will be allowed that cover a range of health-related matters that more closely align with a customer’s interests. These plans also will be good for a year and be renewable for a total of three years, a drastic improvement over Obamacare’s limit of 90 days. A further improvement of this rule:
The plans don’t have to cover people with pre-existing conditions, and insurers can charge higher premiums based on a consumer’s health status.
This is a good interim step, but more is necessary. One additional step should be the elimination of the time limit on the duration/renewability of these plans. What should be available in the health insurance market place should be a market decision—a decision of the buyers and sellers. Government has nothing legitimate to say in this arena.