More Consumers Rolling Dice And Going With Bare Bones Plans As Substitute For ACA Coverage
Most people who are going with the fixed indemnity plans -- which aren't considered true insurance under the health law -- are healthy and willing to bet they won't be hit with high medical bills anytime soon. Meanwhile, Democrats on Capitol Hill have introduced a public option plan that, though it has almost no chance of passing at the moment, reinforces the party's push toward more universal coverage.
The Wall Street Journal:
Bare-Bones Health Policies Are Cheaper Than ACA Plans—And Riskier Too
Sales are growing for a type of bare-bones health policy that offers a cheaper alternative to traditional insurance but leaves buyers risking big bills if they have major medical needs. Known as fixed indemnity plans, the products offer limited help, typically paying set amounts toward the cost of doctor visits, hospital days or other services. They generally carry restrictions on people with pre-existing conditions, and they aren’t considered true health insurance under the Affordable Care Act. But insurance agents say individuals are increasingly purchasing the plans as a substitute for ACA coverage, which has become far more costly for many people who don’t get federal subsidies. (Wilde Mathews, 4/18)
Dem Senators Unveil Expanded Public Option For Health Insurance
A group of Democratic senators on Wednesday introduced an expanded public option for health insurance as the party debates the next steps to build on ObamaCare. The new proposal, called the Choose Medicare Act, was introduced by Sens. Chris Murphy (D-Conn.) and Jeff Merkley (D-Ore.), both seen as potential presidential contenders, though Murphy has said he is not running in 2020. (Sullivan, 4/18)