OBAMACARE: Policy Cancellations: Obama Will Allow Old Plans - Spokane, North Idaho News & Weather KHQ.com

OBAMACARE: Policy Cancellations: Obama Will Allow Old Plans

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President Obama addressing reporters about Obamacare on Thursday President Obama addressing reporters about Obamacare on Thursday

WASHINGTON (AP) - President Barack Obama says health insurance companies can continue to sell policies canceled under his health care law for at least one more year to existing customers.
    
Obama is trying to head off a political furor created by a wave of cancellation notices hitting people who buy their coverage individually, as well as some small businesses. Their current plans don't meet requirements of the new health care law.
    
White House officials say a letter going out to state insurance commissioners will specify that current plans sold to existing customers will not be considered out of compliance with the health care law in 2014.
    
While the administration is granting new flexibility, it remains to be seen if state regulators and insurance companies will exercise the option.

Obama: 'We fumbled health care' law rollout

WASHINGTON (AP) - President Barack Obama says his administration "fumbled the rollout" of his signature health care law.
    
Obama is taking responsibility for problems with the launch of the program. He says, quote, "That's on me."
    
Obama says it's legitimate for Americans to expect him to have to win back some credibility on the health care law and in general.
    
The president acknowledges his assertion that Americans who like their health plan could keep it, in his words, "ended up not being accurate." He says that wasn't his intention.
    
Obama says he wasn't informed directly that the Healthcare.gov website wouldn't be working, and wouldn't have rolled it out if he did. He says he wouldn't have been "stupid enough" to say it was going to be like shopping on Amazon had he known.

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KHQ.COM - President Barack Obama says health insurance companies can continue to sell policies canceled under his health care law for at least one more year to existing customers.
    
Obama is trying to head off a political furor created by a wave of cancellation notices hitting people who buy their coverage individually, as well as some small businesses. Their current plans don't meet requirements of the new health care law.
    
White House officials say a letter going out to state insurance commissioners will specify that current plans sold to existing customers will not be considered out of compliance with the health care law in 2014.
    
While the administration is granting new flexibility, it remains to be seen if state regulators and insurance companies will exercise the option.

PREVIOUS STORY:

WASHINGTON (AP) - President Barack Obama is expected to announce a fix Thursday for people losing their health insurance under his signature law.
    
The White House says Obama will make a late-morning statement from the briefing room.
    
The president has come under pressure from fellow Democrats to address the cancellations.
    
Millions of people have received cancellation notices, despite Obama's repeated pledges that people who liked their insurance plans could keep them.

Obama To Allow Sale Of Canceled Plans

WASHINGTON (AP) - A Democratic official says President Barack Obama has decided to allow the sale of canceled individual health insurance policies to existing customers, part of a plan to satisfy public discontent with "Obamacare."
   
Obama set a late morning White House announcement.
   
The official said the administration's one-year plan is to let insurers continue to offer plans that had been canceled because they did not meet coverage standards under the health care law.
   
The official says insurance companies must also notify policyholders that alternatives exist under Obama's health care program, and have to describe the areas in which their own plans fall short of coverage requirements in the law.
   
The official spoke on condition of anonymity because this person lacked authority to speak publicly ahead of a formal announcement.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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