Dec. 20 - Penalty would be waived for people whose insurance plans were canceled because of new standards under Affordable Care Act reforms. Linda So reports.
A last minute change to the Affordable Care Act. The Obama Administration has announced a plan to give relief to people who have had their insurance plans canceled because of new standards under the President's healthcare law. Those Americans would not face a penalty if they don't secure new coverage by the New Year. Health and Human Services Secretary Kathleen Sebelius says this group of people will be allowed to claim a hardship exemption and have the option to buy a bare bones policy for catastrophic coverage. The policy shift comes just days before the December 23rd deadline to sign up for coverage that begins on January 1st.