[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.
Folks, it sounds horrible, disgusting, un-educated, uncivilised to call the leader of the free world "A LIAR". No matter what political differences we have, there must be a certain degree of respect. Why should anyone behave like they belong to the streets?
Don't bother, unless people can keep their existing insurance plans and doctors.
Another lie? An admittance of lying? Or just more bull? No one is listening to him anymore because trust has evaporated.
Amateurism at its best, now in chaos and full panic.
Liberals should never be elevated to be at power positions.
If GWB didn't resign over "Mission Accomplished" or "Brownie you're doing a great job" or the weapons of mass destruction lies, then I don't see President Obama resigning over his statements about the ACA. Insurance companies decided that if they could no longer provide empty useless heath care plans that instead of making them useful they would just cancel people altogether. What the President may be guilty of is having trusted the insurance companies in the first place but last I checked that wasn't grounds for resignation. Hell based on that theory, none of our last 4 or 5 Presidents would have been able to remain in office. Can you say "Read my lips, NO NEW TAXES"..
Hope there is a fire extinguisher handy...
After all this presidents lies Americans should be very careful when listening to him talk??
I think someone is sabotaging the website and the procedures. Please look into it.
Another "I'm sorry that you believed my lies" speech?
Watch............whatever he proposes will be the next step to a single payer program. BTW- why do all the pro choice abortion liberals all of a sudden deem that we should decrease our choices in healthcare?
I think he's gonna put it off for a year.
We need our govt officials spending more time addressing the issues at hand and doing what's right for the American people instead of focusing on scoring cheap political points. Any legislation of this magnitude will not be perfect – and the issues at hand are exacerbated by a technical cluster with the website, but these are all issues that can easily be fixed if it wasn't more politically advantageous for those on the right to continue claiming "the sky is falling".YMMV
IDEA FOR NEW SOAP OPERA: Name of program "As the Plan turns", featuring the white house, Nancy P. Kathleen S., Harry R. If you like the program, you can keep it, but not before you approve it. Then you will see what's in it.
Like always, all he thinks he needs to do is talk and that's all it's going to take. We'll see how that goes tomorrow when the Republicans plan to fix this debacle gets voted on.
Is anyone else sick of the speeches? Come down from the podiums and just do your job. Is anyone surprised that this is a train wreck...the government can't pave roads and fill potholes in an efficient and timely fashion.
@ ST – It sounds horrible because it is what it is... He is by far the worst President in the history of America. Why not own up to your mistakes? Obama Care should be shut down. Our Government has no right to force Americans to sign up for Obama Care and or to obtain insurance. This is not American.
What ever he says the opposite is true. Obama has a problem telling the truth. It may be a sickness so we shouldn't blame him.
ST, If it walks like a dick and quacks like a duck,, well you know the rest.
@ST, it's the truth and respect is a two way street.
Let these tea party people keep their junk policies.
Careful what you say... the 5 million people on those "junk policies" are needed to join the exchange pools to make them financially viable. Otherwise only the riskiest will be in them, and the losses will force dramatic premium increases in the following plan year. The higher premiums will compel people to either leave the exchange or not sign up at all. And so goes the Obamacare death spiral, circling the bowl, to it's eventual fate in the grunger.
Who cares what a diabolic liar has to say. Only fools listen.
Yep. This will be Campaign Speech number (what number are we up to now?). To make the best use of his presidential time, he could just let us read it off the teleprompter, while he plays another round of golf.
So the plans that are now cancelled are going to be allowed to continue? Hahahaha, good luck getting insurance companies to do that. Not to mention the costs associated with allowing that.
What I think is funny is that when online Medicare rolled out under Bush, the system had the same problems the new system is having. People seem to have forgotten that. If we had gone to a one payer system as it was suggested, a new system would not have been necessary. But the Republicans and the special interest groups (read insurance companies, doctors, hospitals) wouldn't have any of that. We have the highest per capita spending on healthcare in the world and a shorter average life span. What a waste of resources!!