[Breaking news update 11:55 a.m. ET]
Sources close to the insurance industry tell CNN's Gloria Borger that it looks like insurance companies will cooperate with President Barack Obama's proposed solution to the problem of health care plan cancellations due to Obamacare.
[Original story posted 11:03 a.m. ET]
(CNN) - President Barack Obama will lay out an administrative solution to address the problem of people getting cancellation notices from their health insurance providers due to the Affordable Care Act, a senior Democratic source familiar with the plan tells CNN's Chief Congressional Correspondent Dana Bash.
Obama will deliver remarks at 11:35 a.m. ET in the White House Press Briefing Room, the White House announced Thursday morning.
The plan will in part call for insurance policies to be renewed for one year for those who already have insurance policies in the individual market, the source said.
If an insurance company does renew a substandard plan, it would be required to do two things. First, it would have to notify the policy holder of alternative coverage options. Second, the company would have to disclose all of the benefits a policy holder will lose if she keeps an existing substandard plan.
The source noted the President may disclose additional details.
White House says Obamacare site improving, enrollment off sharply
In addition, the source said the President would allow state insurance commissioners to decide on their own to not permit this renewal.
It's worth noting, however, that there are some states - including Virginia, Kentucky and Idaho - that require all plans in their state to comply with Affordable Care Act standards.
White House officials get earful from Democrats on Obamacare
Even though the President is about to announce the fix, House Democrats are planning to unveil their own legislative proposal that will be offered as an alternative during a procedural vote on the House GOP bill tomorrow, according to two senior House Democratic aides.
“It's back up,” one of these aides told CNN. “We want to have suspenders and a belt.”
This will allow members of Congress to be on the record voting for a solution.
Poll: Obama approval ratings drop, Americans say he's not trustworthy
When selling Obamacare, the President repeatedly assured Americans they would be able to keep their plans if they liked them. However, many Americans have been getting dropped from their providers because their existing policies don't work with the new regulations.
Obama has since apologized for people losing their coverage and pledged to find a solution.
Many in Congress avoiding health care exchanges
- CNN’s Deirdre Walsh and Mark Preston contributed to this report.
I am fed up with the hypocrisy ! We do not trust the Government with our healthcare BUT, We do not dare question the Government with regards to our peace and security !!! There is only one government right ?! Only one Commander and Chief !! When Obama put forth his government funded jobs program people flip out because "It's Socialism" tax payer giveaways !!! Now when it comes to jobs that build weapons systems with no godly purpose other than to maim and kill human beings well that's all well and good!!! JOBS JOBS JOBS. Fine I say let my tax dollars go to support jobs in building high speed rail. Developing clean energy, anything that actually produces something other then War profits.
More smoke and mirrors!
How does this help the 5 million who have already lost their coverage?
May The Lord be with us.
An idiotic solution. PEOPLE LOST THEIR INSURANCE. What difference does removing the penalty for 1 year mean to them? Impeach this clown, now, please.
What a joke.
Some great leadership!!!
There seems to be a lot of back-peddling to try to make things work? The big problem is there was not enough integrated testing to make the website work. Just a total FAIL. In the real world people would have been fired!
So, the King has seen fit to give us peasants a one year reprieve! Until after the elections, of course!
Everything this man does is poliltical! AND, he's put it back on the governors so that there can be blame redirected again! AND, he's continuing to beat the drum SUDDENLY that these plans that we might have and like, are "substandard" by HIS standards, like me as a middle age man not having maternity care?
Don't fall for this America, this does not save us from the huge federal takeover, it just allows another season of political brinkmanship in order to get more of their drones elected so that they don't have to make concessions to US!
Except that all the plans are already cancelled. There is no bringing them back. Silly President. This should have been done 6 months ago.
I'm not sure we should just accept any president being able to waive or extend portions of a law? Congress not funding a law is one thing but to ignore, waive, or extend a funded law is another thing all together. Try reading and understanding what's in a bill before you sign it into law! Veto it if necessary!
So the enrollment numbers are low for the first month – BFD. In the big scheme of things very few people actually camp out in line for days, waiting for the latest most up to date iPhone to be released; and considering the latest most up to date iPhone is far more important than personal responsibility to a great many Americans the low numbers during the first month really aren't at all surprising to anyone with more than two active brain cells.
Its all smoke and mirrors – the real goal is to force out the private element – make the average joe confused and frustrated as possible then in all the confusion force in single payer gov controlled health care. We have the finest Healthcare (Hospitals,Doctors etc.) system envied worldwide buts its the layer around it separating it from 'We the People' that's all messed up and grossly disproportionate – FIX THAT – DON'T re-invent the frilkkin wheel
Obama is America's con man in chief.
Why is it a 1 year extension? Could it be to save the Dems during election season?
I love how this arrogant clown knows what is 'substandard'. MY PLAN ROCKED, but because of obamacare mandates is "substandard'. Now I have to pay over $100 more and have a deductible that is three times as high.
Obama, Pelosi, Reid and the rest of the democrats screwed up the insurance industry in the name of Obama's inept "legacy".
I am astonished at how brainwashed some people are from watching all things FOX to the point of automatic condemnation of any thing proposed by the administration. It is ok to disagree but at least try applying logic and facts instead of knee jerk reactions. IMO the main objective of the one year extension of current coverage is to allow for the competitive market to form to allow for lower cost full plans. Obviously the implementation of this policy was flawed but the policy itself deserves to be given a chance to succeed, as it seems to be working in Massachusetts. If i was an opponent of ACA i would try to propose improvements to it or organize a plan to defeat if it does not deliver in it's promise to improve healthcare cost. To prematurely waste one's energy to repeal it at this point is a lost cost.
Gotta lova the bitterness of Cons... And they wonder why they cannot win...
From incompetent to criminal... geeezz... Who realized hope and change meant flushing American down the toilet ?
Too little, too late . . .
"We demand a solution!!!!!"
"You solution is terrible how dare you try and fix this!!!!"
I am confused by the legislative process here. The congress makes and enacts laws while the executive branch enforces the laws. He can't keep just changing things here and there. That is for the Congress to do. I suppose he realizes that the Repubs are beating him to the fix so he will step in and "do the right thing." Translated, a one year extension makes the congressional democrats happy because they now have a better shot at re-election. What a joke and frankly a slap in the face to the Framers of our Constitution.
All I know is that the Obama Administration has made a total mess of this program. This was a mess, now it is a fiasco.
And this is the administration that considered bringing charges against George Bush? (Bush lied, people died) Aren't we lucky we have the most transparent administration in history? So happy Nancy Pelosi drained the swamp. Wasn't it great that we had to pass this bill before we could know what's in it? The Democratic Party is filled with deceit and fraud. They can't tell us who they are up front; we have to elect them to see what's in them.
still better than Boosh legacy of genocide
I need to replace my G.W. Bush's bumper sticker tgat says "at least I can't run again" with an Obama one. I know he must think the American people are stupid (I mean they elected him twice), but if he thinks we are going to buy this, he must think we are really stupid.
Sir, you cannot be this ignorant or are you? Extending the Individual health insurance for one year?!? Do you not think Americans are smarter than this? Do you think the Democrats will be reelected with that in the back of their minds? You have single handedly tried to destroy our country and you have probably ruined the Democrat Party for a long time. As an American who is a life long Democrat (who knew you were not prepared to run a Country as great as ours-I did not vote for you either time). I've been voting for 43 years, it was the 1st and 2nd time I had to pull the republican button, in a presidential election. (can you imagine how I felt?). Yet, I voted with my "head" not my "heart". Why are you so angry with America, what is the cause of your hatred? Why not help people instead of causing them despair? You promised the voters hope and change along with transparency. As I've said before it is transparent that have caused hopelessness and stagnation. Thanks, America is bigger than you can ever hope to be and we will rise out of these ruins you've caused-but not without despair and you will always be known for that.