Presented by BlueCross BlueShield of Illinois

Obama will offer health insurance cancellation fix

WASHINGTON — President Barack Obama will offer a fix for people facing health insurance policy cancellations as a result of his Obamacare health care law today at 11:35 a.m. ET. Earlier Thursday, House Democratic Leader Nancy Pelosi D-Calif., said Obama will take action for people whose health insurance policies were cancelled as a result of his Obamacare health care law while House Democrats are also working on a plan. "The president will offer a proposal today is my understanding and we have our own proposal which we think is really good. But we’ll see. And it has to be done in the next little period, Pelosi said, referring to cancellations kicking in on Jan. 1. Speaking at The Atlantic Ideas forum, Pelosi said, "So again, stay tuned. It could be an administrative fix, it could be a legislative fix. I would prefer an administrative fix because it could be done much more quickly without any accompanying agendas." Pelosi's comments come as Congressional Democrats — in particular those with big 2014 contests — are angry at the Obama White House, with cancellations of health insurance policies far more a political threat than the botched Obamacare website and the resulting initial low enrollments. My Thursday column on how frustrated Democrats are demanding Obama White House offer a plan for people jolted by policy cancellations is at http://bit.ly/187zhqt. Senate Majority Leader Harry Reid D-Nv. was pressuring the White House to come up with a plan before a meeting today between White House officials and the Senate Democrats. The Obama White House needs a strategy by Friday when it comes to dealing with the cancellations because that is when a vote is scheduled in the GOP-controlled House on a bill by Rep. Fred Upton R-Mich. to allow insurance companies to continue offering the plans withdrawn as a byproduct of the Obamacare law. Pelosi said Thursday the Upton plan would "unravel the fabric" of the Obamacare plan while the Democrats are looking for a fix that would "thread the needle."