President Barack Obama was slated to take the podium at 11:35 this morning for an address on Obamacare. After his usual 30-minute sojourn somewhere within the bowels of the White House he finally appeared, flanked by old-reliable Jay Carney, and announced a “fix” to his law.
The president expressed empathy with those who received cancellation notices in the mail—all while the problems with the website persist—and addressed the “grandfather clause” that directly contradicts his words: “If you like your plan you can keep it.”
As it turned out, that pledge only applied to plans that would not be changed after Obamacare took effect—as if these plans were common. The president said: “The way I put that forward unequivocally turned out not to be accurate.” As a result, today the president has announced: “Insurers can extend current plans that would otherwise be canceled into 2014.”
The New York Times noted that the president’s proposal would apply only to people who have had their existing policies already canceled, while those currently without insurance would not be able to buy the old plans.
In other words: “If you like your plan [changed or unchanged since the implementation of Obamacare] you can keep it [into 2014—but that doesn’t make old policies accessible to the uninsured].”
This corroborated what was reported by the Associated Press this morning before the presser. Stay tuned for a further analysis of the implications of this modification to the law.