By Steve Holland and Susan Cornwell WASHINGTON (Reuters) - President Barack Obama bowed to political pressure from his fellow Democrats on Thursday and announced a plan to let insurers renew for one year the health plans for Americans whose policies would be otherwise canceled due to Obamacare. The administrative fix offered by Obama would allow insurers to offer certain health plans in 2014 that do not meet the minimum requirements of the health reform law, but require the companies to spell out how the policies are substandard and what alternatives are available. "This fix won't solve every problem for every person, but it's going to help a lot of people," Obama told reporters at the White House. Before the law went into effect, Obama had repeatedly promised that Americans who liked their health insurance plans could keep them under the Affordable Care Act, commonly known as Obamacare.
WASHINGTON (AP) — Bowing to pressure, President Barack Obama intends to permit continued sale of individual insurance plans that have been canceled because they failed to meet coverage standards under the health care law, officials said Thursday.
machinists soundly rejected an eight-year labor contract extension on Wednesday that would have let them build the company's newest jetliner in Washington, a historic decision that could forever alter the course of Boeing's 97-year presence in the state. International Association of Machinists members voted 67 percent against a deal that would secure an estimated 20 years of work building Boeing's 777X jet, but a deal that would have terminated their pension plan and raised their healthcare costs. The decision means Boeing will consider building key parts of the 777X, including the wings, in non-union U.S. states or in Japan, where it has already received an offer. The vote means Boeing will look for other locations to build the 777X, the only jet it is likely to develop in the next 15 years.