President announces changes to health care law deadlines
Updated On: Nov 14 2013 06:02:53 PM CST
President Obama's health care reform continues to spark controversy and confusion even after a press conference Thursday where the President announced changes to some deadlines.
With millions of consumers getting cancellation notices from their insurance companies, President Obama Thursday bowed to pressure, announcing changes to his health care law.
He has made the promise several times over the past few years that Americans who liked their healthcare plan could keep their plan, but on Thursday there was a change in his tone.
"We fumbled the rollout on this health care law," President Obama said in a press conference announcing changes to deadlines involving the health care overhaul.
"The bottom line is insurers can extend current plans that would otherwise be canceled into 2014. And Americans whose plans have been canceled can choose to re-enroll in the same kind of plan," the president said.
But what that means for you is not exactly clear. While the changes will allow insurance companies to renew old plans, they won't be required to do that. The main insurance industry trade group, America's Health Insurance Plus, says President Obama's offer comes too late because they've already made their changes.
The group's president said, "Changing the rules after health plans have already met the requirements of the law could destabilize the market and result in higher premiums for consumer."
Republicans aren't convinced about the president's fix.
"The only way to fully protect the American people is to scrap this law once and for all," said House Speaker John Boehner.
If your policy has been canceled, the only thing you can do at this point is to check with your insurance company to see if they are willing to offer you a renewal.