President Barack Obama will urge insurance companies at a meeting on Friday to offer quickly to renew healthcare policies that were canceled because they did not meet standards in the new Obamacare program, the White House said. Obama will also discuss with chief executives ways that insurance companies can help Americans meet the deadlines to sign up for new health care insurance - now more important because of problems with the HealthCare.gov website.
WASHINGTON (Reuters) - The House of Representatives on Friday approved a Republican bill that would allow insurers to continue to offer for another year healthcare plans that do not comply with the higher standards of benefits under President Barack Obama's healthcare reform law. The vote in the Republican-majority chamber was 261-157 for the measure sponsored by Republican Representative Fred Upton. Thirty-nine Democrats supported it despite a White House veto threat. The bill is unlikely to pass the Democratic-controlled Senate and become law. ...
WASHINGTON (Reuters) - The White House on Friday expressed confidence in President Barack Obama's choice to lead the Federal Reserve, Janet Yellen, and called on the Senate not to hold up her confirmation. "We're very confident that Janet Yellen is absolutely the right candidate for the job," White House spokesman Jay Carney said at a briefing. "Her hearing yesterday we felt went very well." Carney urged lawmakers not block any of the president's nominees. (Reporting by Mark Felsenthal; editing by Jackie Frank)
By Mark Felsenthal and Susan Cornwell WASHINGTON (Reuters) - President Barack Obama was due to meet health insurance chief executives on Friday, a day after insurers expressed concerns about his plan to help Americans who are losing their coverage because of his healthcare overhaul. Obama, facing the biggest crisis of his presidency, unveiled a plan on Thursday which would allow insurers to extend by at least one year policies due to be canceled because they do not comply with new minimum requirements under the 2010 Affordable Care Act, widely known as Obamacare. With several million people facing the prospect of having their policies canceled, Obama is trying to stem the damage to his credibility over his repeated promise that if people liked their policies they could keep them. Obama's announcement on Thursday was designed to short-circuit a push for more far-reaching changes in Congress and end a growing revolt by Democrats worried that popular anger over the cancellations, and the glitch-ridden online insurance website that is central to the healthcare overhaul, would threaten their re-election bids in 2014.
President Barack Obama will meet on Friday with insurance industry executives to discuss changes that he has proposed to his signature healthcare law to address the outcry over insurance policy cancellations, a White House official said. The meeting comes a day after the president, under fire for the botched rollout of his top domestic policy achievement, announced he would allow individuals to keep insurance policies that were being canceled under the 2010 Affordable Care Act, widely known as Obamacare. The health law has stumbled in its early phases, first because the website designed to sign up consumers malfunctioned, and then because numerous people complained their insurance policies were being canceled. Obama has promised to have the website functioning smoothly for most people by the end of the month.