The Longer Term Impact of Short Term Plans

The video discusses the potential impact of proposed healthcare policy changes under the Trump administration. It highlights the weakening of ACA regulations, particularly through short-term health plans that do not comply with ACA standards. These plans could lead to increased numbers of uninsured and underinsured individuals, higher premiums, and greater federal spending. The video explains the concept of adverse selection and its effects on the insurance market, emphasizing the financial and social consequences of these policy changes.

What is one of the potential changes to short-term limited duration policies under the proposed HHS regulations?

• They will be free for everyone.

• They will be available only for a month.

• They might not need to cover essential health benefits.

• They will have to comply with ACA regulations.

How might extending the duration of short-term plans affect the insurance market?

• It will decrease the number of uninsured individuals.

• It could cause adverse selection, increasing premiums for those in exchanges.

• It will lead to more people opting for long-term plans.

• It will have no impact on the insurance market.

What is one of the reasons younger, healthier individuals might be attracted to short-term plans?

• They are mandatory for everyone.

• They provide lifetime coverage.

• They are more affordable and less regulated.

• They offer comprehensive coverage.

What is a potential consequence of the changes to short-term plans on federal spending?

• Federal spending will decrease significantly.

• Federal spending will increase due to subsidies for more expensive plans.

• Federal spending will remain unchanged.

• Federal spending will be eliminated.

What is the estimated increase in premiums for real insurance in states that don't restrict short-term plans?

• 5%

• 25%

• 10%

• 18%