President Donald Trump has issued a proclamation that could give sales of some niche health insurance products a boost.
The president is moving to require some types of would-be immigrants to show that they have health coverage or equivalent arrangements in place when they apply for immigrant visas.
“Data show that lawful immigrants are about three times more likely than United States citizens to lack health insurance,” according to the proclamation. “Immigrants who enter this country should not further saddle our health care system, and subsequently American taxpayers, with higher costs.”
The new rules will apply starting Nov. 3, according to the proclamation.
In the past, litigation has delayed the effective date of some rules the Trump administration has tried to apply to non-U.S. citizens traveling to the United States.
Who Would Be Affected?
Under the terms of the proclamation, the proclamation rules will apply only to people who get visas on or after the proclamation effective date, not to people who already have immigrant visas.