The Biden administration is planning a slew of actions across multiple agencies intended to lower healthcare costs as part of its 'Bidenomics' agenda. The plan, announced Friday morning, seeks to — in part — roll back Trump-era healthcare rules.
The Biden administration is planning a slew of actions across multiple agencies intended to lower healthcare costs as part of its"Bidenomics" agenda.
The rule stipulates that new plans will be subject to these limitations, while those in short-term plans will be able to keep their existing coverage. All short-term plans, however, will be required to disclose fully the benefits that differ from Obamacare-compliant plans. When asked by reporters what has delayed executive action on this, senior administration officials emphasized that President Joe Biden has been"busy on healthcare" policy, including enrollment in Obamacare plans, but that the administration is"delighted" to be taking action now.The No Surprises Act, which was enacted in 2020 and took effect in January 2022, aims to address unforeseen bills from out-of-network services.
“Financial firms are partnering with healthcare players to push products that can drive patients deep into debt,” CFPB Director Rohit Chopra said. “We are opening a public inquiry to better understand how these practices are affecting patients in our country.”
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