President Donald Trump's administration is finalizing an executive order which would allow individuals to pool together and buy insurance from companies outside their state, the Chicago Tribune reports.
Here's what you should know:
1. Mr. Trump said multiple times interstate insurance policies would trigger competition, lowering premiums.
2. Experts refute his claims because health insurance reflects local medical costs, which vary.
3. Mr. Trump is expected to sign the order sometime this week.
4. Interstate plans won't have to meet all the requirements of the ACA and could therefore offer reduced rates. State insurance regulators see the order as "an end-run to avoid standards."