Trump Drives Another Nail Into Obamacare’s Coffin – American Spectator, 2018/01/08
The new regulation, which was published in the Federal Register on January 5, will be available for public comment for 60 days. When it goes into effect, it will allow small employers to band together for the purpose of buying health insurance in the large group market. Specifically, it will “allow employers to form small business health plans based on geography or industry” and permit such plans “to serve employers in a state, city, county or a multi-state metro area.” It can be used to “serve all the businesses in a particular industry nationwide,” and also allows sole proprietors to join small business health plans.
The impetus for the new AHP rule was provided by Executive Order 13813, “Promoting Healthcare Choice and Competition Across the United States,” issued by President Trump last October. Among the EO’s goals was “to facilitate the purchase of insurance across state lines and the development and operation of a healthcare system that provides high-quality care at affordable prices for the American people.”
Here’s the official Dept. of Labor press release.
Small companies burdened because they can’t take advantage of pricing advantages that are made to large corporations will be glad to see this.