“We aim to allow more small business to form associations to buy affordable and competitive health insurance. This would open up additional options for employers to purchase the health plans their workers want,” said Trump.
Additionally, the Departments Treasury, Labor, and Health and Human Services (HHS) will consider expanding coverage through low-cost, short-term limited duration insurance (STLDI).
The Trump administration noted a study indicating that an average STLDI costs one-third the price of the cheapest Obamacare plans. STLDI is not subject to Obamacare mandates and rules.
In his speech, Trump said STLDI were “so attractive” but the Obama administration “crippled the market” to prevent people from leaving Obamacare plans. He said, “In fact, they prevented these plans from lasting more than three months.”
Furthermore, the President promised that the Treasury, HHS, and Labor Departments will fix the issue and make STLDI widely available to people.
Moreover, the agencies will consider changes to the employer-funded Health Reimbursement Arrangements (HRAs). The goal is to give American workers greater control and flexibility to finance their healthcare needs.
A victory for Sen. Rand Paul
