News Headlines Article

Priced out of Obamacare, some opt for short-term plans
CBS News

One of the ideas behind the Affordable Care Act was to enable more Americans to afford health care coverage. But it turns out that some consumers are snubbing the ACA and picking another path: short-term coverage.

The reason behind the surge in demand for these health care products comes down to one word: cost. The average monthly premium for a family of three on a short-term plan is about $283, or about $500 less per month than coverage through a major medical plan, according to eHealth, an online marketplace for health insurance.