White House Gives ACA's Canceled Plans Another Reprieve

Law360, New York (March 5, 2014, 5:49 PM EST) -- The Obama administration on Wednesday gave consumers two additional years to stay in health insurance plans that don’t comply with Affordable Care Act standards and revised various financial protections for insurers in case the law’s marketplaces end up with fewer healthy customers.

About 500,000 Americans in the individual market still have such policies, and they will now be allowed to renew them until Oct. 1, 2016. While administration officials expect the number of policyholders to have dwindled by that point, the extension means some consumers could...
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