President, Congress React to Health Insurance Policy Cancellations

In the wake of a political firestorm brewing around cancelations of individual health insurance policies, last week President Obama announced a rule change that would potentially allow some individuals to remain on their current health insurance policy for an additional year. The White House “fix” announced last Thursday would permit insurance companies to continue to offer such policies to individuals for another year, even though the policies do not meet the minimum standards required by the Affordable Care Act (ACA).  The announcement came amidst sharp criticism of the President’s pledge that people would keep their existing coverage if they liked it and the day before the House voted on a broader measure. Continue reading this entry at Littler's Employment Benefits Counsel.

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