What Do the New ACA Developments Mean?

Friday, November 15, 2013

U.S. President Barack Obama pauses as he speaks on the Affordable Care Act in the Brady Press Briefing Room of the White House on November 14, 2013 in Washington, D.C. (ANDEL NGAN/AFP/Getty)

President Barack Obama announced yesterday that he was reversing course with the Affordable Care Act after a barrage of political pressure. Outrage was sparked by the American people who were upset that their plans were being cancelled, despite promises from the president that anyone who would liked their healthcare plan would be able to stick with it.

Now the administration is allowing insurance companies to reinstate plans that were cancelled, or maintain existing plans that would otherwise be cancelled by January 1st. These plans can be kept for one year.

But healthcare is complicated, and maintaining plans that would otherwise be deemed substandard under the law could add additional complications for insurance companies and drive up premiums overall under the new law.

Julie Appleby, reporter for Kaiser Health News, joins The Takeaway from Washington, D.C. to break down the new developments in the Affordable Care Act.

Guests:

Julie Appleby

Produced by:

Arwa Gunja and Alex Kapelman

Editors:

T.J. Raphael

Comments [2]

Larry Fisher from Brooklyn, N.Y.

I love my health plan. I want Affordable Care Act to mimic it. It won't. My company is closing my plan. I am super bummed, despite the fact that I really believe The Affordable Care Act will work out the kinks in a couple of years.
I don't want to contact H&R today. They won't have an answer. I know how my company works

Nov. 15 2013 02:13 PM
Ed from Larchmont

They got people's plans discontinued so they would have to go on the exchanges, not because their plans were insufficient.

Nov. 15 2013 09:14 AM

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