Mike Pirner had emergency gall bladder surgery shortly after buying short-term medical insurance plan (STM), for $150/month. The costs associated with the procedure were $100,000 — Mike only had to pay his $2,500 deductible, which was also his out-of-pocket maximum. President Biden has proposed rules released Friday of the July 4th week that would limit these plans to three months, with one additional month possible. Currently, these plans can last up to three years.
Read MoreCommentary: Limiting Short-Term Health Care Plans Will Hurt Americans
