Obama gives health plans added two-year reprieve

The Obama administration announced Wednesday that consumers can keep insurance plans that don’t comply with the federal health law for another two years, pushing a potential firestorm over cancellations until after midterm elections.

Previously, some consumers could keep insurance plans that didn’t comply with the Affordable Care Act until roughly the end of this year, as long as their state regulators and insurance company allowed it. Now, consumers will have up to an additional two years to do so, putting their plans in place until roughly 2016.

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