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Association health plans were part of President Trump's executive order on health care. Photo: Jabin Botsford/The Washington Post via Getty Images

Roughly 3.2 million people will likely switch from Affordable Care Act coverage into newly expanded “association health plans,” according to an analysis from the consulting firm Avalere. Most of them would be leaving the ACA’s marketplace for small businesses, rather than for individuals.

Why it matters: The repeal of the individual mandate will draw a few million people out of ACA coverage. Separate administrative actions, a few million more. And the 3 million from association health plans, on top of that. Each of those policies may not be fatal to the ACA on their own, but they're cumulative.

Association health plans allow similarly situated consumers to band together and buy health coverage as a group, and they’re a cornerstone of the Trump administration’s effort to bolster non-ACA insurance options.

Between the lines: Avalere expects the annual premiums for an association plan to be almost $3,000 lower than the cost of ACA-compliant small-group insurance, and nearly $10,000 lower than the cost of an individual ACA plan.

  • That’s mostly because they’re expected to offer skimpier benefits and have more flexibility to vary individual enrollees’ premiums.
  • Because association plans will likely to appeal to healthier people, Avalere expects the new rules to raise ACA premiums by about 3.5% for individuals and 0.5% for small businesses.

Go deeper

Job gains slow sharply as U.S. adds 210k jobs in November

Photo: Joe Raedle/Getty Images

The U.S. economy added 210,000 jobs in November, while the unemployment rate plummeted to 4.2% from 4.6%.

Why it matters: Job gains slowed sharply, but the labor market recovery remains on track.

Elon Musk's mega-billion bounty

Photo: Patrick Pleul/picture alliance via Getty Images

Here's how insanely rich Elon Musk is: He has unloaded $10 billion of his stock in the past month — and could do that 15+ more times given his silos of shares.

Ina Fried, author of Login
4 hours ago - Technology
Column / Signal Boost

Huawei sanctions snarled chip supply chains

Illustration: Sarah Grillo/Axios

The largely successful U.S. effort to hobble China's Huawei has benefitted a host of other tech companies — from smartphone makers such as Apple and Xiaomi to chipmakers like Qualcomm to network vendors including Nokia and Ericsson.

Yes, but: The massive disruption to the industry furthered an industry wide mismatch between supply and demand, exacerbating the global chip shortage.