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President Joe Biden rolled out a new set of initiatives Friday to reduce health care costs


When I started to deal with junk fees relating to airline costs, ticket seats, baggages and like, I think even some of the folks working with me thought it's not that big a deal. But you know, in America it sounds corny, but fairness is something we kind of expect. 

And I don't know anybody who likes being viewed as having been played for a sucker. But I think it's a good idea to take advantage of it. Just imagine if you had a heart attack and you expect your insurance company to pay for it. 

Or you're diagnosed with a cancer and you expect your insurance company to pay for it. But they dig into your medical records, discover you had asthma as a kid, claim you had a heart attack as a pre -existing condition, and then refuse to pay. 

Folks, that's not health insurance. That's a scam. That's a scam. It has to end. Folks... Today, my administration is issuing a new rule that would close the loophole that allows these junk insurance plans to exploit Americans. 

Under our rule, short -term plans would have to be short -term. That means four months or less, not three years. Insurance companies would also be required to provide a clear disclaimer up front 

about what's covered and what is not covered instead of burying it in fine print. And by the way, we're going to be fair. The suppliers of drugs that you're still going to do very well. 

Everybody's going to just do fine. I'm just tired of seeing Americans ripped off. God bless you all. 


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