Trump is about to start undercutting Obamacare by relaxing insurance rules

U.S. President Donald Trump makes a statement on health care while standing with 'victims of Obamacare' at The White House on July 24, 2017 in Washington, DC.

Chris Kleponis | Pool | Getty Images

U.S. President Donald Trump makes a statement on health care while standing with ‘victims of Obamacare’ at The White House on July 24, 2017 in Washington, DC.

President Donald Trump is planning to sign an executive order on Thursday as a new step to weakening the Affordable Care Act, according to reports from The New York Times and the Wall Street Journal.

And as part of that move, Trump will instruct agencies to allow more sales of cheaper — and less comprehensive — health plans, the Journal said.

The act will push federal agencies to take actions that aim to increase competition in the insurance…

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