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Thousands of health plans canceled in wake of Obamacare

By
  • Alex Nussbaum
Published
  • October 29 2013, 10:00am EDT

(Bloomberg) -- The rollout of Obamacare is leading to the cancellation of hundreds of thousands of health insurance plans nationwide, contradicting President Barack Obama’s repeated pledge that people who like their coverage can keep it.

The cancellation notices started to arrive in recent weeks, compounding the political headaches for the White House from the troubled start of its health insurance exchange, the federal website created to give millions of people access to new plans by Jan. 1. 

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