Will states play along with President Barack Obama and his new plan to allow people who like their health insurance plans to stay on them an additional year?
The proposed fix, which Obama announced Thursday under intense pressure from his own party, was meant to address criticisms that he had lied to the American people when he said “if you like your plan, you can keep it” while campaigning for the health care overhaul. Between 7 million and 12 million people were set to receive cancellation notices because their plans don't meet the minimum standard of coverage required under the new law.
The uproar forced Obama to backpedal. He’ll now allow health insurance companies to continue to offer plans that do not meet his law’s standards for an additional year, to give people more time to transition to the new federal marketplace.
But Obama’s fix does not actually guarantee that millions of people will be able to keep their plans. Insurance is regulated at the state level, and state officialsRead More »from Will states accept Obama’s insurance exchange fix?