Biden rolled out a new set of initiatives to reduce health care cost
A crack down on what he refers to as "Junk" insurance
Short term policies that can deny basic coverage as people transition between employers and need temporary health care coverage
New proposed rule looks to close loopholes that allow insurances to offer products that can discriminate based off pre-existing conditions and offer little to no coverage for consumers
He is also cracking down on surprise medical bills where people think there care is in-network but it is actually out of network
Also requiring facility fees be treated like other health care costs to avoid loopholes
by limiting use of 3rd party medical credit cards that have "teaser rates" and don't fully disclose the risks
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PC: AP