[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.
So we delay it a year and are right back here again, the only thing different is those 15 democrats hope to save themselves in the 2014 elections. About Politics NOT people.
A president is SUPPOSED TO help the citizens,and NOT continue profit or help others to profit from them.
We could solve the health care issues easily, if we as voters demanded the government from top to bottom go on Obama care as the rest of us peons are required.
How nice of our President to give them a 1 year extension. Now they have an additional year to buy more insurance than they need.. How about keeping their existing coverage?? Or do you know each families financial situation and you know best what is needed.. Nice job (not)..
Silly to ask him to resign over this and whatever else you don't like. You cannot ask Bush to resign over Iraq then you cannot ask Obama to resign over ACA. You cannot ask president to resign over things just because you don't like. If that doesn't convince you, let me try your native "language". Ooga booga, urghh, ee ee ee! Ooo ooo ooo! Aaa aa aaa! Evolve people.
That said, it was stupid to promise what he did. Just plain stupid. The language of the bill was plain enough. Maybe his opponents should have brought it up too, although arguably it serves them more to have let him fall on his face after the fact. How embarrassing.
Me, can't figure it out? Your a liar. George and dick started SN Intel program just to falsify evidence so they could get Congress to go for it, s far cry from what you accept as the truth, go figure. Bush sent kids to die for money, PERIOD. nis how does that compare? You need a reason to hate, does that make you feel better?
what a terrible "fix"
Damage control at its finest!
What about the cancer patient that lost his insurance Jan 1 2014 and can't get a new plan because he is unable to get into the web site or can't afford the new plan?
Why does Obama even bother to apologize? His fanatic supporters don't care either way and everyone else already see's him for the failed president he is.
You know where you can put your plan,
If you like your plan, you can keep your plan for a year?
I for one would like to see the impeachment process underway.
So all OhNONO is doing is delaying losing your existing coverage by 1 year when during his LIE of a campaign said nobody will lose there current health insurance. Can we impeach him for 1 yr?? LMAO
Because he is a liar "Period"! He did not "make a mistake". He knew if he told the truth ACA would not pass. He got what he wanted by lying.
Before the shutdown and website launched, The GOP controlled House passed a bill to delay Obamacare by one year. The following would not have happened IF the democratic controlled senate and president would have accepted that GOP bill:
1) The Government shutdown.
2) The Obamacare website launching this year.
3) People whose plans were cancelled paying a tax for not having insurance
LOL – so basically a one year extension, which.........where did I hear that before? Oh that's right, the recent shutdown and what Republicans were asking for in the first place. Only Obama could make Republicans end up looking smart. They are all a bunch of clowns. You just can't make this stuff up. If this weren't such a serious issue, it'd be a great tv sitcom.
"OK, we'll let you keep your old policy until after the 2014 elections." Profiles in courage, there.
Makes no sense. In most states plans for the coming year must be approved before they can be sold. Will each state then have to approve the cancelled plans for the coming year and as mentioned in the article, some states laws will not allow non-ACA compliant plans.
"“It's back up,” one of these aides told CNN. “We want to have suspenders and a belt.”"
when the real trouble is not buying clothes that fit you in the first place.
1. Their insurance is STILL gone. The private enterprises that are these insurance companies are not going to just re-activate millions of deleted policies because Obama said so. The government doesn't not control how this works.
2. "You still lost your insurance people! but we just won't fine you. The 1 year extension in this case is on the PENALTY FINE only.
3. Next year, when the extension is over, those people will be in the same boat as they are today, in November, 2 weeks before Thanksgiving.
There's that big word "IF". Thanks Obama! How many Insurance Co's are going to renew policies of those that had cancer or some other big money disease?
So, he's going to do something he doesn't have the authority for (he can't simply ignore the law), and which does nothing but push the problem back a year for some, but not all, of those affected.
You can keep your plan until the 2014 elections are over....ha ha ha
So Obama and dems say repubs are trying to stand in the way of the ACA but Obama has now put off another part of the bill ? How many parts of the bill did repubs get kicked down the road ? Zero ! But Obama has now chosen to ignore about 6 parts of the law.