Creating a new, less expensive exchange plan could save both the health care industry and consumers big, new analysis finds.

Consulting firm Avalere Health said creating a copper-tier plan could help bring down federal health care spending by $5.8 billion over the next 10 years. And it could reduce premiums for plan holders by 18 percent compared to bronze plans in 2016.

In turn, that could draw more consumers to the exchanges.

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