Trump Administration Proposes Health Insurance Loans for Obamacare Consumers Unable to Pay Medical Bills
By
Reed Abelson
You can taste the rush. The dough hadn't risen.
Summary
The Trump administration has proposed, within Obamacare regulations, that health insurers offer loans to consumers who cannot afford high out-of-pocket medical costs. The suggestion is buried in a 1,121-page final rule about how the Affordable Care Act market will operate next year. This comes as one-third of Americans shoulder health care debt, and insurers are being asked to consider lending money to those facing costly diseases or emergency care needs.
Key quotes
· 3 pulledBuried in the fine print of Obamacare regulations, the Trump administration is floating a novel idea for those who can't afford to shell out tens of thousands of dollars in out-of-pocket medical costs.
Why not borrow the money from your health insurance company?
In the dense 1,121-page final rule issued last month about how the Affordable Care Act market will operate next year, the administration suggested that insurers consider offering loans to cash-strapped customers.
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