The Trump administration is proposing to let small firms actmore like big corporations to buy cheaper health insurance, ameasure that would get around some of Obamacare's requirements.

The rule would broaden the availability of less-regulated healthinsurance coverage to more small employers, and to self-employedpeople. The rule does so by letting many more small firms bandtogether under “association health plans,” or AHPs. Those planswould be exempt from many of the Affordable Care Act's rules onwhat benefits have to be covered.

The regulation will “expand employer and employee access to moreaffordable, high-quality coverage,” the Labor Department said inthe proposed rule, which has to go through the federal rule-makingprocess and could still be changed.