President Obama Apologizes Over Lost Health Insurance Plans

By: CBS
By: CBS

President Obama apologizes to the more than 3 million Americans who've lost their insurance because of the Affordable Care Act. This is after he promised no one would be forced off a plan they wanted to keep.

"I am sorry - that they, uh, you know, are finding themselves in this situation based on assurances they got from me. We've got to work hard to make sure that they know we hear 'em and we are going to do everything we can to deal with folks who find themselves in a tough position as a consequence of this."

Insurance policies that fell short of the new health care law standards are no longer valid.

The President says his administration is looking at a range of options to help people whose plans are cancelled.

The White House says fewer than 5 percent of Americans Will be forced to change their coverage. That translates into about 15 million people.


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