Nov 14, 2013 5:03 PM
HOUSTON (AP) - The Texas Department of Insurance says it remains unclear how President Barack Obama's call for cancelled policies to be reinstated will impact the state.
Obama bowed to pressure Thursday and announced changes to his health care law to give insurance companies the option to keep offering consumers plans that would otherwise be canceled. The change is good for one year.
Texas Insurance Commissioner Julia Rathgeber says in a statement "it remains to be seen how President Obama's executive order will impact the marketplace and consumer. Whether a company offers or withdraws a policy is a business decision for that company."
The commission does not monitor cancellations, so it is unknown how many Texans received such notices for policies that had not met the minimum standard in the law.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
49 minutes ago
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