[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.
All I know is that the Administration has made a total mess of this program. This was a mess, now it is a fiasco
This "fix" is as bad as the current problem. Now the administration proposes to extend the pain for a year. What happened to "Honor the Committment"???? The true incompetence of these people just is amazing............and sad.
What a tasteless joke!
I pay 80 a month for catastrophe insurance, I'm healthy and young, under obamaczre it would go up to 283 a month..... Hmmmmmm
There isn't even a slim chance that those policies will be reinstated.
Why the outrage? You are a liar! My plan is being replaced with an identical plan by my company because the new obamacare mandates make it illegal to have 3 sets of identical coverage. So rather than pay a small amount for an HRA PPO the cost will now double as the new "gold" plan as mandated under the new law. The HSA ppo plan is now being downgraded to a "Silver" level based on the new mandate, but the price on that too is doubling. The plans that were canceled weren't garbage, the premiums were just low, and new Failbamacare requires plans to be set up on a "metal" system of bronze, silver, gold, and platinum which only raise costs not coverage. I should know, i work for the 2nd largest insurance company in this country.
I have a fix for you, Impeach this pozer and his do nothing vice , Cancel all he has started and find a real president. Ring Romney, He could not have done a worse job. Heck, I`m not even a democrat but Hillary who I despise would have been better than this.
"The elections in Virginia is sending a message to the nation that they are tired of the tea party Taliban."
Yes, Absolutely. By garnering almost 48% of the gubernatorial votes, state liberals are now happily reassured that they have a mandate for liberal public assistance policies against conservative oppressive schemes. They know now that their popular opinions are not only what the people of Virginia clearly want, but also that 48% of Virginians speak for the whole of America against the tyranny of libertarian (i.e., terrorist) ideology.
Congratulations on your infallible logic.
What about those of us whose employers cancelled their insurance coverage? My wife's company is small and can no longer get competitive rates so they announced no more coverage for their employees. A small number of Obamacare people have voluntarily signed up. How many of these people were forced to sign up? IMHO, Obamacare is negatively impacting a lot more people than it is helping. Another opportunity for the rich to get richer. Another opportunity to bend-over those of us that are working and keeping this great locomotion of a nation chugging down the tracks.
To me it isn't about being loyal to Obama, as I really see and dislike his faults, just like I do with many others. I'm actually an Independent who was a long term Republican and who still believes in Republican philosophies. Where I see the total evil today is with the few, with “the money” constantly crying for "more" (never enough) and then especially with the "puppet" politicians who cater to them for their support while they neglect responsibilities to everyone else ... and then how together they just aggressively propagandize to con the people and manipulate public opinion. I look at the Bush-Cheney years and I see how they catered to "the money", Bush even bragging he was going to become very wealthy from kickbacks, and with the extensive exploitation that was simply allowed and the drastic costs just left to the tax payers, which we are still paying for, while the few simply walked away fat and sassy – that is what totally disgusts me. And now they are trying to return to "more of the same", which can only result in "more of the same" ... and that is what really scares me. I disagree with some as to where the evil is but I don't think most would disagree about what is actually right.
manhandler1–yahoo mail is really screwed up. People have lost access to their accounts when they revamped the system. I had to phone and have it restored–seems wide spread. So most likely the talking and repeating lines have not been gone out yet. Can't get into the bad web site. Guess Yahoo will be repealed now.
Politics at its finest. How far have we fallen that people care more about PR than good policy? I hope every single American takes this tactic at face value- a blatant grab for 2014 votes.
Still can't keep your plan or doctor. Just delayed a year. The "mistruths" continue. They are desparate. We are not that gullable.
Interesting that the privatize profits socialize losses people doesn't like it when it happens to them, but its ok for them to dump on our government.
A weak attempt at fixing problems caused in part by a lie; in the end, nothing changes: people were fooled into voting for Mr Obama by his lie, which he knew to be untrue.
This is not a solution. He is washing his hands of responsibility and pushing it off to the states. The states can still refuse to reinstate and will. All he is doing is saying you are allowed to for a year as far as he's concerned. This will not end well. I hope people wake up to the BS being shoveled out of this administration
Once again, the Dictator in Chief plans to violate his own corrupt legislation, and order, by executive fiat ( without legislative approval) a modification/ waiver/ deferral of the very law he rammed down our throats. He is a felon. Fire him.
There are more than 317 million people in the United States and for some reason the fact that less than 1% of those have lost their current "substandard" health insurance is causing people to say that the ACA is a failure....Most reports indicate that approx 10 million Americans will lose their current health insurance plans and this is because those plans are considered "barebone" plans that cover practically nothing except the common cold.The only problem with the ACA is that they incorrectly assumed that Americans with shoddy health insurance would be grateful for the opportunity to have better health coverage.So if people want to waste their time complaining about the ACA then be my guest and continue complaining about it and maybe just maybe it will become a thing of the past. But even if the ACA becomes a thing of the past the fact remains this nation continues to ignore the elephant in the room that is health insurance and the rising costs associated with health insurance and our inablity to change our lifestyles into healthier lifestyles.
I'm sorry. I'm confused. It thought ACA was the law and could not be changed.
@Pppa, I have no illusions about President Obama. There are things I don't agree with that he's done in the past 5 years. However, I will not now turn a blind eye to 2, count them 2 senseless wars, thousands of unnecessary deaths both abroad and on our own shores (Can you say Katrina) just to make you or anyone else like you happy. Please show me the stats on deaths that have occurred in the last month due to the ACA website issues and perhaps I will entertain you and your ignorance. But until then...
How about 85% of the population was happy with their health care, how about WELL OVER 50% of the population DO NOT want the ACA, how about......what is the use, you love that kool-aid and nothing anyone says will change that!!! Guess what, you are NOW IN THE MINORITY!!!! Get a clue!!!! See my other post, he technically did not lie, he and MANY DEMS thought they had WMD, yes they were wrong but that does not make it a lie!!! As for the second war, what did we not get attacked on 9/11, we should just stand around and let that kind of thing happen with no response????? but but but Bush lied, LMFAO!!
Insurance companies are not going to offer those plans for another year as their costs will explode. So either the new plans have to be that much more expensive or your old plan is tremendously expensive now. Can't have it both ways.
Dump ACA....go for the single payer...."medicare for all."
If you like your insurance, you can keep your insurance......for 1 year
Yes you can.
No you can't.
Yes you can.
This chump waffles more than Aunt Jemimah.
He's been administratively handing out excuse slip s to all his friends... what's one more... no big deal