Government Delays Key Obamacare Deadline

Marketplaces are still expected to open on Oct. 1

   

The Obama administration is delaying the deadline to sign final agreements on federal health insurance provided by the government.

Reuters reports that the agreements for Obamacare were expected to be signed between September 5 and 9, but the U.S. Department of Health and Human Services told insurance companies that these plans have been delayed. Insurance companies will have to wait until mid-September to finalize these agreements, but the marketplaces will still open on October 1 as scheduled.

The delay may have been caused by technical difficulties within the federal information technology system, but this has yet to be confirmed. Although marketplaces are expected to open on October 1, the most critical date is January 1 when the coverage starts to kick in — it would be a lot more problematic if that date was delayed.NewLetters Government Delays Key Obamacare Deadline

The delay is expected to affect the insurance plans of people in the 34 states that are getting marketplaces set up by the government — the other 16 states are setting up their own marketplaces and should not be affected by this delay.

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