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Pres. Obama Stands By Promise That “You Can Keep Your Plan”

Source: Stephanie Condon / CBS News

Amid reports of millions of Americans losing their insurance because of new Obamacare regulations, President Obama on Wednesday stood by his promise that those who liked their coverage before the Affordable Care Act became law could keep that coverage.

“If you had one of these substandard plans before the Affordable Care Act became law, and you liked that plan, you were able to keep it,” the president said in Boston. Mr. Obama addressed the ongoing controversy over the Affordable Care Act from Faneuil Hall, where in 2006 then-Gov. Mitt Romney, R-Mass., signed the Massachusetts health law that served as a model for the federal law.

Now that the new Obamacare insurance marketplaces are opening, at least 2 million people are getting notices in the mail informing them that they can no longer keep their existing plans. Plans are being canceled if they fail to meet the health care law’s 10 minimum standards, including maternity care, emergency visits, mental health treatment and even pediatric dental care.

The dropped plans seemingly violate Mr. Obama’s 2009 campaign pledge that, “If you have insurance that you like, then you will be able to keep that insurance.”

To read this article in its entirety visit CBS News.

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