WASHINGTON, Dec. 11 -- Sen. Ted Cruz issued the following press release:
U.S. Sens. Ted Cruz (R-Texas) and Ted Budd (R-N.C.) introduced the Competition and Openness in Markets to Promote Efficiency, Transparency, and Enhanced Affordability (COMPETE) Act. The bill would amend the Public Health Service Act to extend the maximum duration of short-term, limited-duration insurance (STLDI), and includes a renewal guarantee provision that allows for consumers to purchase STLDI plans for an extended period of time.
Upon introduction, Sen. Cruz said, "Obamacare reduced health insurance options and caused premiums to skyrocket. This legislation will promote more competition, provide consumers with more choices, and allow Americans to choose the hea...