Beginning this fall, consumers will be allowed to buy short-term limited-duration health plans renewable for up to three years, the Trump administration announced Wednesday morning with a finalized rule.

• Only about 200,000 people are expected to exit the ACA exchange market as a result of the final rule.
   
• Gross premiums for marketplace plans are expected to rise 1% next year attributable to this policy change.
   
• The administration notes that 'these products are not for everyone,' so buyers should review their options carefully.

The policy change expands access to lower-grade coverage options the Obama administration had restricted in light of the Affordable Care Act. Read the full story.