President Trump’s Administration is working to provide Americans with affordable alternatives to Obamacare. Officials proposed regulations that will make it easier to obtain coverage through short-term health insurance plans — which don’t have to adhere to the Affordable Care Act’s consumer protections — by allowing insurers to sell policies that last just under a year. The new rules stem from an executive order President Donald Trump signed in October aimed at boosting competition, giving consumers more choices and lowering premiums.
The Administration expanded short-term, limited duration health insurance plans that are expected to be nearly 50 percent cheaper than unsubsidized Obamacare plans.
President Trump has expanded association health plans, allowing more employers to join together across State lines and affordably offer coverage to their employees.
The Administration proposed a reform to Health Reimbursement Account (HRA) regulations that will give consumers more freedom to purchase benefits that fit their needs.
Roughly 800,000 employers are expected to provide HRAs for more than 10 million employees once the rule finalized.
Americans have more healthcare freedom thanks to the President signing legislation that ended Obamacare’s individual mandate penalty.
While healthcare premiums had been steadily increasing as a result of Obamacare, the average benchmark exchange premium will decline for the first time in 2019 thanks to President Trump’s policies.
Next year, Americans will benefit from more insurer participation on the exchanges.
Medicare Advantage plans offer more benefit options than ever before, and average premiums in 2019 will be 6 percent lower than in 2018.