The Trump Administration just issued a new healthcare plan for small businesses and self-employed individuals that costs drastically less than previous plans, and contains fewer benefits as well. This policy was issued by the administration in an effort to provide a cheaper alternative to the ACA. The act will specifically allow small businesses and self-employed individuals to group together based on industry or location specifications, and buy cheaper health insurance. This allows small business health plans to be regulated in the same way as the plans of much larger corporations, thus fulfilling the administration’s hope to “level the playing field,” when it comes to health care plan regulations for all businesses alike. Though this newly issued plan comes with fewer benefits, it seems to be more beneficial to small businesses who may not be able to pay a standard premium, but rather wish to have their costs be determined by their profession, or region. Hopefully this plan will work to meet the financial needs of its targeted audience, but only time will tell.
– Siya Sharma (10th Grade Student, Santa Clara, CA)
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