WASHINGTON (AP) – President Donald Trump says insurers are “going wild” about his new health care options and “millions and millions” of people will be signing up.
But insurance companies say it will take time to design new plans and get approval from state regulators, and two major industry groups have actually expressed concern about potential downsides for consumers.
Short-term, limited-duration insurance- just approved – and association health plans represent the Trump administration alternatives to comprehensive but costly policies under the Affordable Care Act. Both offer lower premiums than comprehensive health insurance but also cover less.
Myra Simon of the industry group America’s Health Insurance Plans said consumers are likely to see advertising this fall for short-term plans but association plans may be harder to find, since they’re not open to everybody.
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