Biden is announcing a new rule to protect consumers who purchase short-term health insurance plans

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President Joe Biden is announcing new steps to protect consumers who buy short-term health insurance plans that critics say amount to junk. A new rule finalized by the Democratic president's administration will limit short-term health insurance to just three months.

FILE - President Joe Biden speaks at a campaign event at El Portal restaurant, March 19, 2024, in Phoenix.

The White House said the rule is part of Biden’s efforts to reduce costs for consumers, which he has been promoting extensively as he seeks reelection in November. Short-term insurance is meant to be temporary, providing a safety net for consumers as they transition between jobs, for example, or retire before they are eligible for Medicare.Trump will attend the wake of a slain NYPD officer as he goes after Biden over crimeBut short-terms plans — critics call them “junk insurance” — too often mislead consumers into thinking they were buying comprehensive health coverage, Tanden said.

The ACA was signed into law in 2010 by President Barack Obama. Biden and his administration have spent this week marking the

 

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