Wednesday, August 22, 2018

Short Term Medical Plan News

As expected, the sale of Short Term Medical plans is about to be banned in The Golden Sate:


These plans offer reduced premiums (and, of course, benefits) and have proven to be a popular alternative to expensive ObamaPlans, partly because they're partially underwritten and priced according to actual risk.

But the folks in Sacramento think they're a bad deal, and have decided to deprive their citizens of choice in the health insurance marketplace. Of course, it's those citizens who elected these officials, so they really have only themselves to blame (or credit).

The bill awaits Governor Brown's signature, which we presume will be forthcoming shortly, and the law will take effect this coming January.

[Hat Tip: co-blogger Bill H]

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