Obama: My New Adjustment To ObamaCare Is an Example of Keeping My Promise

OBAMA: "The other problem that has received a lot of attention concerns Americans who received letters from their insurers that they may be losing the plans they bought not individual market, often because they no longer meet the law's requirements to cover basic benefits like prescription drugs or doctor's visits. As I indicated earlier, I completely get how upsetting this can be for a lot of Americans, particularly after assurances they heard from me that if they had a plan they liked, they could keep it. To those Americans, I hear you loud and clear. I said that I would do everything we can to fix this problem and today I'm offering an idea that will help do it. Already people who have plans that predate the affordable care act can keep those plans if they haven't changed. That was already in the law. That's what's called a grandfather clause included in the law. Today we're going to extend that principle both to people whose plans have changed since the law took effect and to people who bought plans since the law took effect. So state insurance commissioners still have the power to decide what plans can and can't be sold in their states. but the bottom line, insurers can extend current plans that would otherwise be canceled into 2014 and americans whose plans had been canceled can choose to re-enroll in the same kind of plan. We're also requiring insurers to extend current plans to inform customers about two things. One, protections -- what protections these renewed plans don't include. Number two, that the marketplace offers new options with better coverage and tax credits that might help you bring down the cost. So, if you received one of these letters, I'd encourage you to take a look at the marketplace, even if the website isn't working as smoothly as it should be for everybody yet -- the plan comparison tool that lets you browse cost plans near you is working just fine. This fix won't solve every problem for every person but it's going to help a lot of people. Doing more will require work with Congress. And I've said from the beginning, I'm willing to work with Democrats and Republicans to fix problems as they arise. This is an example of what I was talking about, we can always make this law work better."