New Policy Change Helps Small Firms Slash Health Care Costs

Association health plans are transformative for small businesses, allowing them to cut their costs by 40 percent, says Labor Secretary Acosta

Neil Bradley, senior vice president and chief policy officer at the U.S. Chamber of Commerce, U.S. Small Business Administration head Linda McMahon (C), and Secretary of Labor Alexander Acosta at the U.S. Chamber of Commerce, 2018 Small Business Summit in Washington, on Oct. 3. Ian Wagreich/U.S. Chamber of Commerce

WASHINGTON—The business community is applauding the Trump administration’s association health plans that will offer lower-cost coverage to small businesses.

Speaking at the U.S. Chamber of Commerce’s small business summit on Oct. 3, Labor Secretary Alexander Acosta said several chambers, farm bureaus, and associations throughout the country have already started to offer health plans to their members.