Trump wants to expand short-term health insurance plans. That could hit some Coloradans in the wallet, according to a new report | SummitDaily.com

Trump wants to expand short-term health insurance plans. That could hit some Coloradans in the wallet, according to a new report

The Urban Institute estimates Colorado premiums will rise 18 percent

By John Ingold / The Denver Post

A sign placed out on the 16th Street Mall, beckons people to sign up for health insurance through the Affordable Care Act. A study released this week by the Urban Institute concludes that more than 100,000 Coloradans would enroll in short-term plans and that premium prices for others enrolled through the ACA would rise 18 percent.

Premiums for people in Colorado who buy health insurance on their own could rise substantially again next year, this time as the result of a recent Trump administration proposal to expand short-term coverage, according to a report released Tuesday.

Short-term plans are exempt from the rules of the Affordable Care Act, meaning that they often cost — and cover — a lot less than longer-term plans. The Trump proposal would allow short-term plans to last an entire year, creating a cheaper option for healthy people who don't need the Affordable Care Act's protections for pre-existing conditions or other guaranteed benefits. In the Obama administration, the plans were limited to covering only three months at a time.

Trump administration officials have talked up the proposal as a way for people to cut health insurance costs and find a plan that better fits their needs.

But the new report, released by the Urban Institute, argues that savings for some people will end up as higher costs for others. By pulling healthy people out of the regular insurance pool, the policy would leave those remaining to pay more, the report concludes. In Colorado, according to the report, that will lead to an 18 percent increase in premium prices for people who buy insurance themselves instead of getting it through their employers.

Read the full story on The Denver Post website, click here.