[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 do not believe anything this guy says anymore! PERIOD!
Good! ACA is working... A final nail in the GOP coffin.
Lookks like he's on another "Apology Tour' only this time it's to the American people
The only thing that I want to hear him say is that he resigns.
So in a year this happens all over again? After mid-term elections? WHAT?!!?
A call for insurance companies to comply? LMAO Unless it is mandated...it means nothing!
ST, perhaps it is disrespectful to call the president a LIAR, what is worse is that LIAR is our president and we cannot trust our government to do what is in the best interest of the majority. I'm not sure there is an honest politician in D.C. either party. Its not just Obamacare, they won't do their job. There has not been a budget in over 5 years and that is their job. What do you suppose would happen to you if you refused to do your job for 5+ years.
I was a medical care provider for 20 years. The Affordable Care Act is not perfect, but the previous system only worked if you were healthy. Anyone who tells you otherwise is either rich or never had a catastrophic illness.
-----------I am not rich and for at one point, not healthy.. I entered the hospital unconscious on Dec 9th and went home on the following Feb 20th. Every organ except my heart quit. Was on a ventilator for 2 months and dialysis for about 7 months. I consider this to be a little catastrophic. I had excellent care and my total bill was $128.00.
See the President's power grab. For the past three years, it seems that he never knew about the outcome. Now,he is ignoring congress to change a law passed by the congress. He does not, along with the Democratic Party, has any regard for the legistative process. In other words, exercising the powers he does not have. Our democracy is in danger.
Remember August 8, 1974:
"Therefore, shall resign the Presidency effective at noon tomorrow. Vice President Ford will be sworn in as President at that hour in this office."
"Therefore, I shall resign the Presidency effective at noon tomorrow. Vice President Biden will be sworn in as President at that hour in this office."
II thought that when a president signs a bill from congress it makes that bill a law DOT PERIOD. It is not a bill that says OK now Mr president you can change it or modify it at your desire. The VETO is your procedure to disagree with a bill along with making suggestion to the bill for another address by congress. It is the Constitution that states it is the authority to make law, not the Executive Branch.
President Obama has always asked for "good ideas" from Republicans; ideas that will make the ACA law better serve the American people, and never actually "made a pledge" telling people that they could keep the plan that they had, no matter what.
Hopefully, the President will clarify and announce an administrative fix to the grand-father clause currently within the law, countering insurers decisions to drop people's coverage under the pretext of doing so because of the ACA.
I also believe however, that Democrats should legislatively offer-up a similar fix that will require Republicans to vote their conscience, expressing their true feelings and willingness about providing affordable health care to the American people.
Good! ACA is working...
------------Want to buy a bridge in Kansas?
ST – You must work for Obama? I respect the office of the President and our System of Government. However, Obama has repeatedly and knowingly LIED about ACA and our ability to keep our existing health coverage. He never made any reference to any conditions, caveats or ACA compliance. Obama lied in order to get the bill passed. He has disgraced the office of the President. Obama is a liar, plain and simple. How do you respect a man who lies to his fellow Americans? Disgusting. You must keep in mind that we pay this man's salary. He is supposed to be helping us. Why should he get free taxpayer paid "Cadillac" health care when he has thrown the taxpayer under the bus? Don't forget, ACA is another Welfare entitlement program. Subsidies for the underemployed are paid by the working middle class tax payer, Obama increased our taxes to fund ACA. Now he wants to rape us with higher Exchange rates in order to subsidize the insurance pool?
I still don't understand how the President changes a law without legislation.
He's going to try and pass the buck to insurance companies, and act as a frustrated observer again. Cheaters never win in the long run.
The Obamacare problem is the epitome of what is wrong with Washington today. The Republicans are working on a "legislative" fix, the Democrats are working on their own "fix" and now the President is going to try to fix it "administratively". NO ONE IS WORKING TOGETHER. Since Day 1, Obama refused to work with Republicans and the problem snowballed. It's never too late to start something good, so I explore President Obama to work with BOTH parties of Congress and actually collaborate on something.
"Therefore, I shall resign the Presidency effective at noon tomorrow. Vice President Ford will be sworn in as President at that hour in this office." Subsitute "Ford" for "Biden"
Promises aside (which I do think need to be answered for) I'd guess that most of the policies that are being cancelled are basic ones that have worse coverage than the pet insurance I have for my dogs. I also wonder if those policies are even worth the paper they could be printed on...they are most likely riddled with exceptions and conditions.
The ACA seems to be something that has a lot of good potential but unfortunately is being implemented very poorly. Does that mean it should just be repealed, and if so, what needs to be put in its place? PLEASE don't tell me the current system works...
Obama is not out to convince those who are opposed to him, nor those who are in love with him. In case you don't know or refuse to acknowledge, there is a mainstream America out there which listen to reasons and will decide on their own.
POTUS will pontificate and offer hollow fixes that cannot be implemented in an attempt to right his ship. The problem is you cannot put this genie back in the bottle.
Folks, it sounds horrible, disgusting, un-educated, uncivilised to call the leader of the free world "A LIAR".
if somebody doesn't want to be called a liar then they should not lie, especially repeatedly, to the entire country, with the lie resulting in millions of americans losing in a very personal way. obama knew he was lying as well. that makes it far far worse. if he was the ceo of a company he would not be charged with crimes.
@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...
LOL, what a joke. This "administrative fix" won't accomplish anything, and just wait until the REAL problems start when the employer mandates kick in. You ain't seen nothing yet...
My question is who makes the laws now – The President or Congress?? Or does the President say – "I can change the law myself"??