Source: “Shortchanged: How the Trump Administration’s Expansion of Junk Short-Term Health Insurance Plans is Putting Americans at Risk,” U.S. House of Representatives, Committee on Energy and Commerce, Democratic staff report, June 2020.Short-term limited duration insurance plans spend less than half of consumers’ premiums on medical care, while insurance plans that comply with the rules of the Affordable Care Act spend 80 percent to 85 percent of premium income on medical care, according to a recent congressional staff report.
Short-term, limited-duration insurance plans threaten the health and financial well-being of American families, according to a recent staff report from Congressional Democrats on the Committee on Energy and Commerce (E&C). The report is a result of an investigation that staff conducted into nine health insurers, including UnitedHealth Group and Anthem, and five insurance company brokers that sell these plans for insurers.
“These plans are simply a bad deal for consumers, and oftentimes leave patients who purchase them saddled with thousands of dollars in medical debt,” according to “Shortchanged: How the Trump Administration’s Expansion of Junk Short-Term Health Insurance Plans is Putting Americans at Risk.” The committee’s investigation into how these plans operate outlines what the report calls “the deeply concerning industry practices” of STLDI plans and the insurance brokers who sell them. Continue reading
This is part two of our look at what the Republican and Democratic party platforms say about health care issues and their related entitlements. We previously posted on the Republican platform, and today will highlight the Democrat’s document.
As earlier noted, I decided to include significant chunks of the actual documents, as their choice of words, phrases and emphasis can be more illuminating than any summary I could produce. An example: “Democrats believe that health care is a right, not a privilege, and our health care system should put people before profits.” Continue reading