President Trump said the executive order he signed today is just the beginning of the administration’s effort to reshape the health care system. In short, the order appears to allow small businesses and individuals the opportunity to be able to buy long-disputed health insurance that avoid state regulations and Affordable Care Act protections.
Here are the details of Trump’s executive order:
- Expand access to association health plans, in which a group of small employers can band together to buy insurance as a collective.
- Expand access to short-term health plans. These policies don’t cover much and don’t cost much; today, you can only keep one for three months. Trump will extend that time limit to a year.
- Expand the use of health reimbursement accounts, which allow employers to set aside tax-free money to help cover their employees’ health care costs. Workers will likely be able to tap that money to pay the premiums for a plan in the individual market.
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