IA Insurance Commissioner on exec. order

DES MOINES - President Trump has signed an executive order on Thursday, allowing small businesses and individuals to buy health insurance across state lines.

Trump said during the order signing at the White House that "this is something millions of people will be signing up for."

Local 5 reached out to the Iowa Insurance Division Commissioner for his opinion on the executive order. The staff has "not yet had a chance to review the executive order announced today, so we have no comment at this time," said Chance McElhaney, Communications Director for the IID.

The White House said on Thursday that this order allows Americans to buy cheaper health insurance coverage, no matter where they live. 

Critics on the other side have said that this regulation will make premiums skyrocket for people with serious medical conditions, and may make more insurance providers leave marketplaces. The executive order will likely spark a legal case too.

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