On July 7, 2023, Brian Blase’s Galen Institute paper, “Individual Health Insurance Markets Improving in States that Fully Permit Short-Term Plans,” was referenced in The Wall Street Journal article “Biden’s Short-Sighted New Health Rule.”
From the Article:
But after the Inflation Reduction Act’s enhanced subsidies expire in 2025, consumers will be in for sticker-shock. Hence, the Administration is trying to drive more young, healthy people back into the exchanges by reinstating a four-month cap on short-term plans and prohibiting renewals. Presto: A free market for insurance that competes with the ObamaCare exchanges disappears.
Some states have experimented with restricting short-term plans, but a 2021 study by the Galen Institute found this didn’t reduce full-coverage premiums. For many young people, the ObamaCare plans even with subsidies aren’t worth the cost. So prepare for an increase in the number of uninsured after the rule takes effect.