President Obama will allow a two-year extension for those people whose individual health insurance policies do not comply with the ACA. Although details about the extension have not yet been discussed, it is reported that it will be valid for policies issued up to October 1, 2016. It is not yet clear how many people will be affected by this change; half the states have already allowed insurance companies to extend canceled policies for a year. It is also not yet known if policyholders will find any financial relief since some insurers (in those states where extensions are allowed for 2014) have said they plan on increasing the price of those plans.
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