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House Speaker Nancy Pelosi revealed this week what she thought was her “greatest accomplishment” and it may surprise you. While speaking with MSNBC’s Mika Brzezinski, the California Democrat said passing the Affordable Care Act (Obamacare) was her most important accomplishment.
Obama care also brought a penalty fine if you could not afford health care. Remember that was one thing she did not mention. Donald Trump did not think that was fair to Americans and removed that clause.
Take the administration's 2018 rule expanding access to association health plans. Under these plans, groups of small businesses or self-employed workers can band together to enroll in large-group insurance coverage. In some instances, a large-group plan can offer savings of nearly 20% compared to a small-group plan with the same benefits.
Before the rule was promulgated, small businesses had to have a "commonality of interest" aside from providing health insurance in order to sponsor an association plan. They also had to have at least one employee, so self-employed workers couldn't join.
The administration's rule relaxed those restrictions—and opened the door for small firms to bargain with insurers for lower prices and better terms on their health insurance.
The results were immediate—nearly 30 new association health plans popped up in the seven months after the Department of Labor finalized the rule. Some of those plans featured premiums that cost up to 35% less than those on the Obamacare exchanges.
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