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CMS also intends to cut drug spending by letting individual, small group and large group insurers to change prescription drug formularies in midyear to encourage members to use lower-cost generics.

Proposed rule changes advanced by the Trump administration would cause a premium increase of approximately 1 percent for purchasers of health insurance under the Affordable Care Act.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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