On Thursday, the Department of Labor announced a new rule that aims to help 11 million Americans find coverage by giving more flexibility to employers to offer health insurance coverage.
While most Americans receive health care coverage through their employer, there are still roughly 11 million Americans working for either sole proprietors or small businesses who are not insured because coverage is either too cumbersome or expensive.
The rule attempts to help these uncovered individuals by helping businesses band together to offer higher quality and more affordable insurance for their workers.
"The proposed rule, which applies only to employer-sponsored health insurance, would allow employers to join together as a single group to purchase insurance in the large group market," the agency explains. "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."
Thomas Miller, a resident fellow at the American Enterprise Institute, said the rule redefines and opens up the parameters for who can be involved in an Association Health Plan.
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1 comment:
This is a great idea. It overcomes Obama's stupid and costly individual mandate. Federal employees, the largest employee group in the nation,have enjoyed decent health care options for years. Now, maybe others will also.
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