Obama gives people an extra year to keep health insurance

NBC News, November 15, 2013

Saying "we fumbled the rollout," President Barack Obama announced a fix to the vexing problem of canceled health insurance policies Thursday. He told insurers they don't have to cancel plans next year just because of the Affordable Care Act. Insurers can continue the plans for 2014 on two conditions — they have to tell people what their plans don't cover, and they have to let people know they do have the option of going onto the health insurance exchanges to buy new plans with federal government subsidies and perhaps go onto Medicaid. "Insurers can extend current plans that otherwise would have been canceled in 2014," Obama said.


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