President Obama will announce at a news conference on Thursday morning that he supports a plan allowing people to keep their existing healthcare plans for a period of one year, according to senior White House officials and multiple reports. It will not be a legislative change; rather, it would be enforced under the Department of Health and Human Services' existing power.
The predicted announcement is a response to complaints that Obama had broken his frequently-repeated campaign promise that people could keep their existing healthcare plans if they liked them. As Obamacare began to roll out last month, a number of people received notices from their insurers that their policies would have to change. This was largely because their existing plans didn't meet the baseline standard mandated under the Affordable Care Act. That baseline includes policy components meant to ensure that, on the whole, participants can afford plans and not be burdened with excessive deductibles in the event that they need to get treatment.