Biden is announcing a new rule to protect consumers who purchase short-term health insurance plans

President Joe Biden on Thursday announced new steps to protect consumers who buy short-term health insurance plans that critics say amount to junk.

The Biden administration is also requiring short-term plans to provide consumers with clear explanations of the limits of their benefits.

The White House said the rule is part of Biden's efforts to reduce costs for consumers, which he has been promoting extensively as he seeks reelection in November.