Tuesday, February 20, 2018

"Skimpy" Insurance

Tomayto, tomahto. From CMS Secretary Seema Verma:

And Reuters' more, um, progressive take:

"U.S. to extend skimpy health insurance outside of Obamacare"

Well first, no one's "extending" anything: Short Term Medical plans have been around for a long, long time.

And let's talk about that rather loaded term: "skimpy"

Most STM's offer deductibles as low as $500 (or lower), with out-of-pocket exposure (MOOP) limited to a few thousand dollars.

Contrast that to typical ObamaPlans with deductibles over $7,000 a person, and MOOPs in the tens of thousands. But yeah, the STMs are "skimpy."

All this particular ruling does is restore the maximum policy length to the status quo ante, before the previous administration unilaterally (and illegally) cut those short.

So which one's "skimpy," skippy?

[Reuters Hat Tip: FoIB Holly R]
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