The Trump administration Tuesday spelled out a plan to lower the cost of health insurance: give consumers the option of buying less coverage in exchange for reduced premiums. Some say they now face monthly, mortgage-size payments of well over $1,000 for health insurance. The administration estimates monthly premiums for a short-term plan could be about than one-third of what a comprehensive policy costs. A government economic analysis that accompanied the proposal forecast a moderate increase in premiums among customers sticking with their ACA plans through HealthCare.gov. One major health insurance company, United Healthcare, is already positioning itself to market short-term plans.

Source: ABC News February 20, 2018 14:06 UTC