Skip Navigation

How Short-Term Limited Duration Health Insurance Can Be a Long-Term Solution to Consumer Driven Health Care (Guest: Chris Pope)

June 17, 2019

Chris Pope discusses his May 2019 policy paper, “Renewable Term Insurance: Better Coverage Than Obamacare” in which he argues that these plans are not “junk insurance” and won’t leave the government with a big bill taking care of the sick.

Often termed short-term insurance, the Manhattan Institute’s Chris Pope clarifies that these plans are short-term limited duration insurance (STLD) plans.  Essentially, they are traditional insurance plans consumers used to buy on the individual market before Obamacare was instituted.

Pope discusses:

1.  The history of STLD plans

2.  Why eliminated the insurance mandate was critical to the success of STLD plans

3.  Five states ban STLD plans. Can Congress do anything about it?

4. Why STLD plans are not “junk insurance”

5.  Should consumers be alarmed that STLD is not required to spend a certain percentage on health care as ACA plans are

6.  Should consumers be alarmed that STLD may not offer mental health, substance abuse, prescription drug coverage or maternity care?

7.  How STLD can cost half as much as ACA compliant plans

8.  Who would consider buying these plans: 

     - The healthy uninsured?

     - The uninsured with preexisting conditions?

     - People with preexisting conditions but not getting subsidies on the ACA exchanges

     - Someone in an employer plan seeking to lower deductibles and premiums

     - Someone in expanded Medicaid

9.  Will STLD plans be so attractive that they only ones left on the exchanges will be the sick requiring government subsidies?


For the policy brief, click here:
AnneMarie Schieber is a research fellow at The Heartland Institute and managing editor of Health Care News, Heartland's monthly newspaper for health care reform. @HCPolicy