Urbanite

Obama to allow insurers to extend canceled policies for 1 year

amny

(Credit: Getty)

President Barack Obama bowed to political pressure over his signature healthcare reform on Thursday, announcing that he would allow insurers to extend policies that have been canceled for one year even if they do not comply with the law.

But insurers immediately raised doubts over how the proposal would work.

The October 1 rollout of the program known as Obamacare has been beset by technical...

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