Obama Gives One-Year Reprieve for Canceled Policies
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President Barack Obama offered a one-year reprieve to Americans facing cancellation of their health-care policies, a change that the insurance industry warned may lead to higher premiums.
Obama acknowledged that his administration’s credibility was damaged by the “fumbled” rollout of the federal website for buying insurance and the cancellations of hundreds of thousands of individual policies after he repeatedly said that those who like their insurance could keep it.