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Trump opens door to sale of ‘association’ health plans across state lines

 

The Trump administration finalized plans Tuesday to let small companies and the self-employed band together and buy health insurance outside of Obamacare’s strict rules, moving to offer coverage to people priced out of the market by the 2010 health care law.

Critically, people will be able to band together across state lines — a key goal for President Trump, who said the moves will bring down costs for millions of Americans starting in September.

“You’re going to save a fortune,” Mr. Trump said at the National Federation of Independent Business’ 75th anniversary celebration.

 The U.S. Chamber of Commerce said the change “will give employers the relief and flexibility they need to cover more employees at a lower cost with more choices for quality care.”

The Congressional Budget Office estimates that 4 million people, including 400,000 who otherwise would go without insurance, are expected to join association health care plans by 2023.

Introducing association health plans, or AHPs, has long been a goal for congressional Republicans. They say the plans offer a way for people to take advantage of the group insurance market, even if they are self-employed or work for a business too small to provide insurance.

Labor Secretary Alexander Acosta said the plans will “level the playing field” by giving small businesses bargaining power and the ability to spread risk among a huge swath of customers.

“As the cost of insurance for small businesses has been increasing, the percentage of small business offering health coverage has been dropping substantially,” Mr. Acosta said. “This expansion will offer millions of Americans more affordable health care options.” Read more

Read also: Republican pressure intensifies to end family separations at border

Trump opens door to sale of ‘association’ health plans across state lines

The Trump administration finalized plans Tuesday to let small companies and the self-employed band together and buy health insurance outside of Obamacare’s strict rules, moving to offer coverage to people priced out of the market by the 2010 health care law.

Trump opens door to sale of ‘association’ health plans across state lines

The Trump administration finalized plans Tuesday to let small companies and the self-employed band together and buy health insurance outside of Obamacare’s strict rules, moving to offer coverage to people priced out of the market by the 2010 health care law.