A Next Step

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.

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