Obama Adjusts Health Insurance Policies

Obama_HealthCare_2013President Obama said Thursday that Americans can keep canceled health insurance policies for a year as companies and consumers adjust to the new demands of the health care law.

In the coming weeks, insurance companies must also notify customers of what those policies lack, and of options consumers have for better coverage under the new law, Obama said in a statement at the White House.

The president responded to criticism from lawmakers and Americans who have received cancellation notices since the Obamacare law came on line last month, a period also marred by a malfunctioning website.

“I think it’s fair to say the rollout has been rough so far,” Obama said.

Administration officials have said policies have been canceled because they do not comply with new coverage requirements prescribed by Obamacare, and that the new system offers consumers better, higher quality options.

Source: USA Today