(Bloomberg) -- President Barack Obama says he’s giving Americans who’ve received cancellation notices from their insurers a one-year reprieve before they have to get new policies under his health-care law.

“I completely get how upsetting this can be for a lot of Americans, particularly after they heard assurances from me,” Obama said of the policy cancellations in remarks at the White House. “Today I’m offering idea that will help do it.”

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