Trump Administration Seeks To Promote And Expand Alternative Healthcare Plans To Affordable Care Act
On October 12, 2017, President Trump issued an executive order seeking to promote “healthcare choice and competition” by prioritizing 3 healthcare plan structures that will become alternatives to the Affordable Care Act (Obamacare) in an effort to reduce insurance premium costs and encourage competition.
The executive order asks the Secretaries of Treasury, Labor, and Health and Human Services to propose legislation seeking:
- “Expanded Access to Association Health Plans” (group healthcare plans created by employers)
- “Expanded Availability of Short-Term, Limited‑Duration Insurance”
- “Expanded Availability and Permitted Use of Health Reimbursement Arrangements” (allows employers to set aside funding/contributions to be used only to reimburse costs of healthcare in lieu of providing full healthcare coverage for employees)