U.S. Health Plans That Don't Meet Obamacare Rules Can Renew For Two More Years

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U.S. Health Plans That Don't Meet Obamacare Rules Can Renew For Two More Years

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U.S. Health Plans That Don't Meet Obamacare Rules Can Renew For Two More Years

by Wochit 0:51 mins

U.S. Health Plans That Don't Meet Obamacare Rules Can Renew For Two More Years

by Wochit 0:51 mins

The Obama administration on Wednesday said it would allow health insurers to extend plans that fail to comply with its signature health law for an additional two years, a move Republicans quickly condemned as a politically motivated delay. In a release of new guidelines to insurers and employers for 2015, the administration said it would now allow renewal of noncompliant health plans that begin as late as October 1, 2016. Officials said they believe the change would affect 500,000 to 1.5 million people who hold "transitional policies" that lack consumer protections enshrined in the law known as Obamacare. Republicans said the change was intended to help Democrats in this year's November congressional midterm elections by eliminating the likelihood of more cancellations in the weeks ahead of the poll.

Wochit

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