Biden's Bold Moves: Reversing Limits, Launching Push, and Cracking Down on Health Care Costs

President Joe Biden is reversing a Trump-era regulation that allowed short-term health plans to last up to a year and be renewed for up to three years. The proposed rules issued by HHS, the Treasury Department, and the Department of Labor would limit these plans to three months, with the option for one renewal month. Short-term plans, often criticized as "junk insurance," do not have to meet the same requirements as health insurance plans sold on the Obamacare exchanges. The announcement comes as Biden plans to give a speech on his healthcare agenda, which includes efforts to lower costs and crack down on surprise medical bills.