President Obama: You Can Keep Your Insurance Until Next Year

President Barack Obama made a speech yesterday when he announced an “administrative fix” for the disastrous Obamacare roll out.

Obama acknowledged that his administration should have drafted rules prohibiting insurance companies from canceling millions of insurance policies that were already in place before Obamacare launched last month.

Obama asked health insurance companies to allow individuals to keep, or extend, their policies into 2014 — even though the insurance companies have already cleared those old policies off their books.

The insurance companies reacted with anger to Obama’s speech today.