PYMNTS.com June 25, 2020
A new report from the Democratic Staff Committee has concluded that short-term healthcare plans are “dangerous” and “unregulated,” saying they would leave those who purchased them with thousands of dollars of debt.
The report discusses Short Term Limited Duration Health Insurance (STLDI) plans, which are intended to provide coverage for a limited amount of time while one transitions between insurance plans.
The plans are exempt from all of the Affordable Care Act’s (ACA) provisions for consumer protection, and while the savings up-front in premiums might be attractive, consumers have often been faced with “significant” out-of-pocket costs when they need health care, the report says.
The STLDI plans are widespread in use, with 2.36 million users recorded in 2018...
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