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Bret Schroeder, healthcare expert at PA Consulting Group, comments on President Trump’s recent executive order to expand association health plans (sometimes referred to as catastrophic health plans) and what it would mean for consumers.
Bret notes that there is market demand for less-costly plans. Expanding association plans could help patients who can’t afford more comprehensive plans. The downside is consumers will pay more out-of-pocket costs if they need care.
He adds: “If you’re unemployed and seeing skyrocketing premiums, this is an attempt to get care at lower costs. On the other hand, there’s a slippery slope in terms of the financial impact, which can be significant.”