Obama Delays Insurance Mandate

More delays for Obamacare: in a surprise announcement late Thursday, the Obama administration announced a year-long extension for Americans whose health plans have been canceled under the new regulations. Facing criticism last month as old plans were axed, Obama decided to let insurance companies continue offering plans that didn’t meet the new requirements; now, people with canceled plans will be allowed to claim a “hardship” exemption from having insurance, keeping them from being fined. The change, which drew immediate criticism from health insurers, was driven by a group of Democratic senators who face tough re-election campaigns next year.