The U.S. health care industry has voiced widespread opposition to President Donald Trump’s administration’s proposal to bolster short-term health care plans.
According to a Fierce Healthcare report, the sector says the plan would create higher premiums if it gains traction.
The Department of Health and Human Services wants to boost short-term coverage for up to a year, saying the extension would deliver more choice without the burden of higher premiums.
America’s Health Insurance Plans (AHIP) says the extensions would shift young, health consumers away from the Affordable Care Act exchanges, which would hike premiums for elderly and more ill individuals.
“At the same time, we’re concerned that this proposed rule will lead to more people being uninsured and underinsured, and to higher costs in the long run,” AHIP’s incoming president and CEO, Matt Eyles, said.
To read the full report on Fierce Healthcare, click here.