Policy cancellations: Obama will allow old plans

Announcement scheduled for 8:35 AM

WASHINGTON -  

President Barack Obama says he hears Americans who are upset about losing their health insurance "loud and clear" and is offering a fix.
 
Obama on Thursday announced that insurance companies can keep offering consumers plans that would otherwise be canceled.

Understanding the Affordable Health Care Act: http://bit.ly/15Zg21g

The president noted that the first-month enrollment numbers in health care plans under his law are lagging and he isn't happy about it. He said that "we fumbled the roll-out" of the program. And he vowed to build a better health care system for every American and "get it right."
 
The administrative changes are good for just one year, though senior administration officials said they could be extended if problems with the law persist.

 

Watch the president's address below (mobile users: http://bit.ly/18GZMVg):

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