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President Obama delivers statement on the Affordable Care Act

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WASHINGTON -

President Barack Obama said the Obamacare rollout has been "rough so far" and he has been deeply concerned about it.

Under a fix offered by President Obama on Thursday to address a controversial provision of the Affordable Care Act, the President said Americans who received cancellation notices may be able to keep their individual insurance plans for one more year.

The deal is meant to cover millions of people who have had their insurance policies canceled because the policies do not meet Obamacare requirements. The uproar has ensnared the White House for weeks, shining a spotlight on President Obama's earlier promise that people who liked their insurance plans could keep them.

But the fix puts the onus of the renewals on insurers. The administration is not requiring insurers or state insurance commissioners to extend the existing plans, but instead is allowing insurers to offer an additional year of coverage.

Also, insurers must notify policyholders of the difference in benefits between their policies and the Obamacare plans available on the insurance exchanges. And the companies must inform people that additional policies are available on the exchanges and that subsidies may be available to those who qualify.

This fix will not solve "every problem for every person," President Obama said.

 

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