Biden Administration Finalizes Rule Curbing Use of Short-Term Health Plans
The Biden administration announced on Thursday that it had finalized a new regulation that curbs the use of short-term health insurance plans that do not comply with the Affordable Care Act, reversing a move by the Trump administration to give consumers more access to cheaper but skimpier plans.Under the new rule, the short-term plans will be able to last for only 90 days, with an option for a one-month extension.In 2018, the Trump administration issued a rule allowing the plans to last for just under a year, with the option of renewing them for a total duration of up to…
