[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.
He better say he is going to fix the problem he created by changing the law to allow people to keep what they have or he is going to have an even bigger disaster on his hands. This entire law needs to be re-evaluated and changed to make it workable. Right now it is a mess.
The best comedy writers in Hollywood could not write a story this funny! And the people still defending Obama? Cukoo-cukoo.Jim Jones had smarter followers
I never thought I'd see someone run the country that was worse than Jimmy Carter. Then George Bush came along. I said surely no one can be worse than George Bush, now we have Obama. Is this really the best this country has to offer.
LMAO!! Trolls are out in full force. Everytime I hear of an American soldier died in those useless wars I think of the BIG lie the Bush Admin. told the American people. Obama may have lied about insurance policy but I think American soldiers dying based on a lie pretty much takes the cake.
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.
Probably going to announce a change to the law that 6 weeks ago him and his sock puppet said was settled law and "cannot" be changed. It's a mess and needs to be washed out the door, period. January 1, when many employers have changed their plans and passed on the added cost, the you know what will hit the fan and it will make this mess look small.
you are entitled to your opinions people but please try to remain civil about interactions among one another its impolite to call someone filth while i personally support the ACA i would never resort to derogatory terms to describe the people who oppose it we need to act more mature about these things people
Every time he opens his mouth on the subject he gets himself in more trouble., He needs to stop taking and start doing!
From the very beginning the Republicans have purposefully been obstructionist to just about anything and everything this president has tried to do. For a fact, McConnel's first order of business, after the president was elected, was to make a statement that his business was to make sure this president failed!! My goodness, they even shut down the government rather then obey the law regarding national healthcare. Now, because of difficulties with the technical aspects surrounding the signing up for health insurance, the Republicans are like pigs in "you-know-what" relishing the president's struggles with getting the system on line.
Sorry make that TALKING not taking – I guess the other was a Freudian slip. 🙂
Yes, the millions of individuals whose insurance companies are dropping them can keep their policy for a year?!? Do you really think that voters will forget this. Not only has he lied to his employers (us the tax payers), and doing what he can to destroy our great country, he has single handedly ruined the Democratic party. Voters do not vote with your heart-vote intelligently. A person whose only previous job is a community activist is not prepared to lead our great country.
The problem is, we have been covering up and ignoring what these so called "leaders" have been doing for about 100 years now. It only embolden them that citizens of this country would cover them to any extent.
@Babyboomer, back away from the grape koolaid...
I say impeach President Obama!
I find it highly unusual that many of the state exchanges are running very smoothly, while the federal web site isn't. Why is that unusual? Because the same contractor(s) worked on all of them. How is it possible to do it so well over here, yet completely blow it over there? If Issa wants to investigate, then tell him to answer my question.
To fix this law, repeal it immediately.
Here comes more lies.
Another example of the liberals punishing the masses to help the few. I'm sorry, but why should my health care (30, healthy, no pre-existing conditions, non smoker/drinker/drugs, perfectly healthy, same with my wife and 2 kids) go from 300 a month to 850 a month!? It makes no sense to me, even the Obummer supporters I work with were ripping their bumper stickers off there cars. We are the middle class, and this reject is hurting us!
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?
* * * *
And if he IS a Liar? Then what?
A resignation would be nice? Perhaps an arrest for scamming millions would be great!
A guy walks into a TV repair shop.
– I think my TV is broken. When I turn it on I hear a weird sound on the speakers.
The repair shop employee is looking at him.
– Did you turned on Thursday at 11:35?
His fix will be to tax the rich to pay for this law that is putting a noose around the Economy's neck.
Wait for it...The President "Obamacare is a failure and you're all screwed!"
So the new promise is "If you like you plan, you can keep your plan FOR ONE YEAR". ???
@ST "Folks, it sounds horrible, disgusting, un-educated, uncivilised to call the leader of the free world "A LIAR". "
I am a liberal and supporter of our president but I think it is OK to question him and let him defend himself and explain his actions. I wish more people had called out GWB's obvious and mortally harm lies more loudly. Maybe more people would be alive today. This is America and it is OK to question the president. When it become a fishing expedition like with Clinton, that is clearly wrong.
Part of the problem is this current apologetic approach. Skip it and go all the way to socialized medicine. Many countries have this working – we can too – end of story.