Does President Obama's insurance fix actually solve the proble - KSLA News 12 Shreveport, Louisiana News Weather & Sports

Does President Obama's insurance fix actually solve the problem?


President Obama is promising a fix after reports that millions of Americans have lost their insurance plans due to the Affordable Care Act.

The President announced Thursday he will allow people to keep their plans for one more year.

In 2009, President Obama famously stumped for the reforms.

"If you like your plan, you can keep your plan," the President said in one 2009 speech. But this year, millions have reported their plans have since been canceled.

Thursday, President Obama conceded that fact, apologizing to those who have been affected.

"I completely get how upsetting this could be for a lot of Americans, particularly after assurances they heard from me that if they had a plan they liked, they could keep it," the President said. "To those Americans, I hear you loud and clear."

But experts said the "fix" is not that simple.

Insurance companies have "changed their claims system," according to Wendy Bratteli of the Texas Association of Health Underwriters.

"They've changed their ratings system," Bratteli said. "You don't see carriers keep two different types of platforms with totally different underwriting structures. They just don't do it."

Major insurance groups like Blue Cross Blue Shield had already been giving their customers the option to keep their plan for one more year or to switch to new plans that comply with the new law. That option comes with a notice, alerting customers who choose a new plan that they will not be able to switch back in the future.

"You don't put toothpaste back in the tube, it doesn't happen," Bratteli said. "Once someone comes off of it, it's gone."

Republicans are not buying it either. Senator Ted Cruz said the plan is "only designed to mitigate…political pain." Governor Perry added that the President is only "shifting the blame."

"They're doing what they've been told to do legislatively," Bratteli said. "It falls back on their administration and the Congress that passed that bill back in March of 2010."

However, the President continues his promise to move forward.

"We're just going to keep on chipping away at this until the job is done," he said in Thursday's address.

As of Thursday evening, major insurance companies had not announced if they would in fact allow those that have changed their plans back onto their old policies, in light of President Obama's announcement.

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