Largest Illinois Insurer Reacts to Obama's ShiftCHICAGO (AP) - The Illinois Department of Insurance and the state's major health insurer say they are reviewing changes to the health law announced Thursday by President Barack Obama that address policy cancellations.
Obama said insurers can continue to sell policies canceled under the Affordable Care Act for at least one more year to existing customers. But insurers aren't required to continue the canceled plans.
Blue Cross Blue Shield of Illinois officials say the company is "determining next steps" and will reach out to consumers who may have new options as a result of Obama's announcement.
A spokesman says Illinois Insurance Director Andrew Boron has been in contact with federal authorities and is evaluating options, keeping in mind what's best for the state's consumers.
At least 4 million Americans have received cancellation notices.
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