Obamacare Wreck
November 14th, 2013Wow.
Via: Reuters:
President Barack Obama on Thursday tried to ease the biggest crisis of his presidency, acknowledging missteps with his signature healthcare law and announcing a plan to help those seeing their current health plans canceled because of it.
Obama, trying to limit the political damage to his presidency and fellow Democrats, said health insurers could extend by at least one year policies due to be canceled because they do not comply with new minimum requirements under the law.
With insurers complaining the fix could create new problems and lead to higher premiums, it was not clear whether Obama’s plan would actually work, or soothe his party’s concerns that the botched rollout has undercut Democrats facing tough re-election fights in 2014.
A chastened Obama said he had “fumbled” the rollout of the Affordable Care Act, his biggest domestic policy achievement, and said he would have to work to regain his credibility and the public’s trust.
“I hear you loud and clear,” he told Americans who are angry he did not deliver on his repeated promises over the past three years that those who liked their plans could keep them.
“I think it’s legitimate for them to expect me to have to win back some credibility on this healthcare law in particular and on a whole range of these issues in general,” Obama said, speaking from the podium in the White House press room.
