[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.
The president lied. Insurance premiums being offered are higher, deductibles are higher. People are losing their insurance. Doctors and hospitals are not all participating in the plans being offered.
Everything has to do with himself and his buddies
Change the law to save his dropping popularity, for his buddies in unions – in other words, one law for himself and the cronies and another law for middle class he wants to bring in poverty.
This (Obamacare) will end up back in the Supreme Court. I don't see C.J. Roberts making the same mistake twice.
that's a solution?
Why don't you just keep your promise?
This is just STUPID. What else can you say??? What a debacle.
Oh thanks for the extension, I look forward to dealing with this next year. Why don't we just abolish this atrocity and find some common ground for real health care reform?
This "fix" is just a lame prop for Congressional Democrats to lean on so they have an excuse not to vote with Republicans on a bill to actually fix the problem.
So we're now allowed to make comments like the one chris mcnally made?? Asking for someone to kill the POTUS, but if I mention Christie being an obese bully, I get zapped??
This site really has gone to the far right. Well at least people can't call it liberal or Obama news network anymore.
Now watch THIS comment go the same way most of my comments go these days.
anything to push this past the 2014 elections. Obama will want congress to make changes. The Repub will want to repeal. The Dems and the media will accuse the Republicans of preventing people from keeping their insurance, forcing cancer patients to lose their doctors and hospitals because the aren't part of the exchange plans, and off tying grannie to the RR tracks. THe media will build up that line singing the praises of the compassionate jerk in the WH who caused the whole mess to begin with.
Hey everyone; its amateur hour at the White House!!!!!1
If they need medical attention during this year period...they should be forced to pay for it in full. Take away the house...take a way little Johnny's college fund to pay for it then. Choices have consequences and if you decide not to be covered, you pick up the tab.
If he wants to change the law, he needs to go to Congress. If he decides not to enforce the law, that does not mean he can force companies to do anything in particular ... I supposed by lack of enforcement he can "allow" them to sell policies that don't follow the law.
But where exactly did he get the power to set prescribed conditions on his NOT enforcing the law.
We REALLY need to reign in this emperor wannabe ... BIG TIME!!
Fleecing the flock.
When did president Obama grant himself the ability to change laws on the fly as he see's fit? I thought only dictators had that ability!
Delay one year...? What after elections so people don't see how bad this really is? And what it really costs?
No way. That's not a fix. Its kicking the can down the road.
He should be thrown out for even suggesting it.
Its showdown time now.
I guess - no, we can't.
They must be notified of the benefits they will "lose"? They are keeping the plan they want, the benefits they "lose" are the ones his new law tries to force them to pay for. They know what they have, they aren't losing anything. Always so disingenuous.
Does nothing for our small business. Our 9/1 renewal resulted in a cancellation because of ACA. The plan was virtually ACA Gold Standard. Instead we get a plan with higher drug copays, higher out of pocket limits and a 21% premium increase. Alternatives on the SHOP government website for small businesses are worse. I guess we will have to throw our employees onto the individual exchanges. He lies and lies.
The beginning of the end......
"if you like your plan, you can keep it.... until after the election". This is a pathetic and anti-democratic attempt to salvage a bad law by decree.
a one year "fix" how generous of our liar-n-chief. What happens after one year? Obama and the rest of the Democrats promised that we could keep our doctors and plans if we liked them. There was no promise to end after one year.
So you've lost your health insurance – now you are in limbo for a year! What a crock!
So....The solution is to put the problem off for one year. This speaks to two Obama positions:
(1 ) The American people have the attention span of a squirrel and (2) the American people are not really bright.
Good grief. The nightmare has begun. I'm a fan of universal healthcare but This is a convoluted disaster that will cost bazillions to micro manage.
Repeal this whole thing and start over – with every idiot politician in Washington DC having to be a part of a new plan – and don't even bring it to the public until it works.