South Dakota's U.S. Senator John Thune says Thursday's announcement by President Barack Obama simply postpones the "inevitable train wreck."
The President said that insurers can extend in 2014 current plans that would otherwise be canceled. Insurers say this could be a gigantic, complicated mess. Canceled plans now have to be re-priced and filed with state regulators for approval.
Senator Thune says the President's fix may provide temporary relief for some. But he says the health care law was built on a faulty foundation, something that won't change by extending current plans.
"Unfortunately, too many insurers, too many states have already moved forward and it's going to be very difficult to put the genie back in the bottle. This is a huge problem with all kinds of moving parts and ramifications throughout our entire medical economy in this country. And, I don't think it's going to be fixed by what the President said today," said Thune.
According to a statement from South Dakota's Division of Insurance, the director is sorting through the logistics of how this announcement will impact the insured and their carriers.
"The President's new direction requires a detailed analysis in order to identify the best options for consumers and businesses. We will do what is best for South Dakotans and are demanding more details regarding this policy change," said Merle Scheiber.