The Trump administration just made another big move to reshape the healthcare system
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"Short-term insurance plans will cherry pick healthy people, leaving ACA-compliant plans to cover a sicker pool with higher premiums," Levitt tweeted. "With the expansion in short-term insurance plans, low-income people will be protected from higher premiums by subsidies. Middle-class people with pre-existing conditions will feel the full brunt of higher premiums."
He said the expansion would force the federal government to offset cost increases for some people by hiking tax credits they get on their premiums. The administration's memo said the need for increased premium assistance would cost the federal government between $96 million and $168 million per year.
"Keep in mind that HHS projects this change will cost the government $96-$168 million more every year," Rachel Sachs, an associate professor of law at Washington University in St. Louis, tweeted after the rule's release. "So the government will spend millions more to provide fewer people with comprehensive insurance."
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