The Biden administration announced recently that part of Bidenomics is to fight ‘short-term health insurance plans’ and surprise medical fees.
Biden administration plans to crack down on short-term health insurance and surprise medical fees. (Photo: CNN)
Short-Term Health Insurance Plans and Surprise Medical Fees
Short-term health insurance plans were offered to Americans to provide limited healthcare coverage. However, providers of short-term health insurance are not required to follow the Affordable Care Act (ACA). Also, these are less expensive, health coverage is only for less than a year, excludes people with pre-existing conditions, and does not cover many benefits.
In a published article in The Hill, the Biden administration announced on Friday that it plans to crack down on these short-term health insurance plans and surprise medical fees as part of the Bidenomics. The current administration aims to lower the healthcare cost for Americans.
Meanwhile, part of the agenda is to stop the surprise medical fees that affected millions of Americans across the country. Oftentimes, there are instances when a patient goes to the hospital and ended up paying in cash the hospital billing because the facility is not in-network of their health insurance provider.
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What are Some of the Plans of the Biden Administration?
According to a published article in REUTERS, the Biden administration will limit the initial duration of short-term health insurance plans just as the Obama administration had done. This also includes the providers specifically declare what they do not cover.
Furthermore, the Consumer Financial Protection Bureau, the Department of Health and Human Services (HHS), and the Treasury will look into short-term health insurance providers if they are breaking federal law.
