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Obama's fix to canceled plans

President Obama announced Thursday that insurance companies could offer health policies canceled under ObamaCare to the customers holding them for an additional year.

The move could prevent existing plans from being canceled until after the 2014 midterm elections, a political decision designed to provide relief to Democrats worried the issue could cost them at the polls.

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But the final decision would rest with insurance companies, who would be permitted to continue offering canceled plans but would not be required to do so.

Millions of people have been told by their insurers that their plans will be canceled under the new healthcare law, despite Obama’s promises that no one who liked their plan would lose it under the Affordable Care Act.

Obama said Wednesday he heard “loud and clear” why individuals were upset over receiving the cancellation notices despite his promise.

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