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(AP Photo/Brennan Linsley)

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.

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