Reversal on ACA Cancellations Gets Mixed Response

President Barack Obama's announcement that people could keep insurance policies slated for cancellation under the federal health overhaul has gotten a mixed response from insurers, state regulators and consumers.

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by Associated Press

RALEIGH, NC- President Barack Obama's announcement that people could keep insurance policies slated for cancellation under the federal health overhaul has gotten a mixed response from insurers, state regulators and consumers.

Consumers complained in October and November after insurers notified them that their plans were being canceled. Plans that met the minimum requirements of the law by covering pre-existing conditions, prescription drugs or eight other basic benefits would be much more expensive. Obama had promised people who liked their policies could keep them.
Obama responded last month that companies could continue existing policies
Officials in 27 states responded by allowing insurance companies to extend the non-compliant plans for another year. Some have declined, others agreed to add another year to policies at higher premiums.

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