President Donald Trump is getting ready to issue an executive order that could let people buy health insurance across state lines.
Trump talked about that possibility Wednesday, during a press conference at the White House.
Many health insurers already operate in multiple states, but they have to get plans licensed in each plan in which they operate. Interstate health insurance sales proposals have come to be known as "association health plan" proposals, because many supporters of the concept would implement it by letting multi-state associations set up and run the multi-state plans.
"I am considering an executive order on associations, and that will take care of a tremendous number of people with regard to health care," Trump said, according to a press conference transcript posted by the White House. "And I'll probably be signing a very major executive order where people can go out, cross state lines, do lots of things, and buy their own health care."
The executive order is "being finished now," and "that will be probably signed next week," Trump said.
Many business groups and some health insurance agents and brokers have been promoting interstate health insurance proposals for years.
Many consumer groups and state insurance regulators have opposed the proposals, arguing that they would cause the healthiest people to flock to plans from the states with the weakest consumer protections, and drive up the cost of coverage in the states with tougher rules for health insurers.
Trump did not talk about the mechanics of how the administration could permit interstate health coverage sales through an executive order.
Trump also said he will negotiate with Democrats to see if it's possible to come up with a bipartisan bill, but that he believes that, by January or February, Republicans will have the votes to pass a bill based on the proposals Republicans have been debating in the Senate in recent weeks.
"I feel we have the votes," Trump said. "I'm almost certain we have the votes.... We'll vote in January, February or March."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
