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The Boston Globe

Nation

‘That’s on me,’ Obama says of broken promise

WASHINGTON -- Bowing to intense political pressure from within his own party, President Obama announced Thursday that he will allow health insurance companies to provide insurance coverage for one year that falls short of the Affordable Care Act’s new standards.

Purging substandard plans, which carry low premiums but weak coverage, from individual insurance markets around the country was a key goal of the president’s 2010 health care reform law. Individual insurance buyers have been hammered by coverage denials, gaps in coverage, big premium increases, and high deductibles.

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