On Thursday, Oct. 12, President Trump signed an executive order (EO) aimed at deregulating several aspects of the health insurance market. The administration’s stated goal was to “improve access, increase choices and lower costs for health care.” The EO was light on details, and its impact is yet to be determined.
The order seeks to reverse the Obama administration’s 2016 rule that restricted short-term health coverage to less than three months. Trump’s EO would expand access to short-term limited duration insurance. These types of short-term insurance plans are exempt from Affordable Care Act (known as ACA or Obamacare) requirements, offering only catastrophic coverage.
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