President Donald Trump has fulfilled another campaign promise and ripped to shreds another piece of former traitor-in-chief Barack Hussein Obama’s legacy. In addition to the repeal of the individual mandate penalty, the President promised during the 2016 primary season that he would lower premiums by permitting coverage to be sold across state lines.
Oddly enough, considering that conservatives have long advocated this as a way increasing market competition, the proposal was ridiculed by his opponents for the Republican presidential nomination.
Check it out, per Spectator:
During one debate Marco Rubio actually mimicked Trump’s physical gestures, mocked his references to “lines around the states,” and snidely added, “whatever that means.” Friday, the Trump administration demonstrated what that means by issuing a new regulation allowing association health plans (AHPs) to offer coverage across state lines.
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.”
The Trump administration, via the U.S. Department of Labor, summarized the new regulation as follows:
These improvements stand to open health insurance coverage for millions of Americans and their families by making it more affordable for thousands of small businesses and sole proprietors. By joining together, employers may reduce administrative costs through economies of scale, strengthen their bargaining position to obtain more favorable deals, enhance their ability to self-insure, and offer a wider array of insurance options.
The Trump administration believes that the new regulation will really help working people struggling without coverage. Here’s more:
Up to 11 million Americans working for small businesses/sole proprietors and their families lack employer-sponsored insurance. These 11 million Americans could find coverage under this proposal. Many small employers struggle to offer insurance because it is currently too expensive and cumbersome. These employees—and their families—would have an additional alternative through Small Business Health Plans (Association Health Plans).
What do you think of President Trump’s efforts to destroy Obamacare and bring down the cost of health insurance?