In a Friday announcement, the U.S. Department of Health and Human Services said it plans to crack down on “junk health plans” and more.
This crackdown is part of a “Bidenomics” agenda effort to lower health care costs in the country. To do so, the HHS intends to take actions to protect consumers from surprise medical bills and excess costs that build medical debt in addition to addressing junk insurance.
According to the Leukemia and Lymphoma Society, junk health plans are “short-term, limited-duration plans,” that “leave patients on the hook for thousands of dollars if they face serious health problems – much more than they’d face if they had traditional health insurance.”
These plans often have misleading marketing, the society added. A White House fact sheetsaid that President Joe Biden’s administration’s new proposed rules are intended to close loopholes that allow companies to offer misleading products. It also said former President Donald Trump’s administration “took advantage” of those …