Industry groups and policy experts are questioning a Trump administration proposal on health insurance even as it garners accolades from congressional Republicans.
The proposed rule, announced on Thursday, would loosen regulations under the Employee Retirement Income Security Act, or ERISA, that govern association health plans. Such plans allow businesses to band together in purchasing health insurance. Supporters say the rule is intended to help consumers hit the hardest by rising premiums under the 2010 health care law.
The Department of Labor is proposing to amend ERISAs definition of commonality to include geographic location. The change would allow different types of businesses located in the same area, including multistate metropolitan areas, to form associations. The proposal would also allow self-employed workers to purchase the plans.
If made final, this rule should help up to 11 million hard-working Americans who dont have access to employer sponsored coverage and in addition provide new, more affordable options to Americans in the individual market who are getting hammered by skyrocketing premiums,Tennessee Sen.Lamar Alexander, chairman of the Health, Education, Labor and Pensions Committee,said in a statement.
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