Obama Announces Delay of Affordable Care Act

Posted by on Nov 14, 2013 in Important News | 0 comments

This morning President Obama announced that he is willing to delay the minimum essential health benefits standard for the individual market. This may help some individuals yet it is very unlikely that insurance companies will have the time to reverse those decisions and re-instate those cancelled plans.

It can take months for insurance companies to develop new policies and to have those polices approved by the state Department of Insurance.

For example, here in California Anthem Blue Cross is still struggling to have its new applications approved by the CA Department of Insurance.

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