Congressman Glenn Grothman has introduced a bill he says will expand access to affordable health insurance options for families and small businesses.
Rep. Grothman and Senator Ted Cruz of Texas coauthored the Competition and Openness in Markets to Promote Efficiency, Transparency, and Enhanced Affordability (COMPETE) Act, which would restore and expand access to Short-Term Limited Duration Insurance (STLDI) plans, allowing them to be offered for up to 12 months with guaranteed renewal options.
Short-Term Limited Duration Insurance (STLDI) plans exist outside the Affordable Care Act marketplace and provide more flexible, lower-cost options with faster access to coverage.
Rep. Grothman tells SeehaferNews.com, “By expanding access to short-term plans with guaranteed renewals, we can lower premiums, increase competition, and create more health care options for small businesses that are struggling to keep up with rising costs.”
The measure is supported by the National Federation of Independent Business and the Foundation for Government Accountability.
