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Trump issues order to deregulate health insurance, promising relief from Obamacare

President Trump moved Thursday to scale back rules on health insurance across the country in the administration’s most ambitious effort to date to use its regulatory powers to undermine the Affordable Care Act.

The controversial new executive order Trump issued aims to open the way for a greater number of relatively cheap health plans that could offer skimpier coverage than allowed under the healthcare law, often called Obamacare.

The move will “provide millions of Americans with Obamacare relief,” Trump said as he formally released the order at the White House. The changes will “increase competition, increase choice and increase access to lower-priced, high-quality healthcare options.”

“People will have great, great healthcare,” Trump added, speaking to an audience made up of Cabinet officials, Vice President Mike Pence, Sen. Rand Paul (R-Ky.), and owners of several small businesses who the White House said would benefit by the new plans.

Republicans repeatedly failed to roll back the 2010 healthcare law this year, also renewed fears that Trump is determined to deliberately destabilize insurance markets and weaken Obama’s signature domestic policy achievement.

The administration has already taken steps to undermine those markets, including sharply cutting federal support for efforts to enroll people in marketplace coverage next year.

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