The Federalist If regulators wanted to crack down on ‘junk insurance’ plans, they should do something about Obamacare itself.
Just before Easter, the Biden administration announced it had finalized a proposal it claimed would “protect consumers from being scammed into purchasing lower quality insurance, or ‘junk insurance.’” The finalized rule will prevent insurers from offering short-term limited duration plans, which do not have to meet all of Obamacare’s mandates and regulations, for longer than four months, down from three years (and potentially renewable for longer periods) under a Trump administration rule.
But as one viral video recorded in March suggested, if regulators wanted to crack down on “junk insurance,” they should do something about Obamacare itself. The law has wrecked the marketplace for insurance, and rather than doing anything to help the many people harmed by the law, the Biden administration instead wants to crack down on any avenues Americans have used to escape its worst effects, like short-term limited duration plans.
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