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U.S. President Barack Obama talks about the Affordable Care Act in the Brady Press Briefing Room at the White House in Washington, November 14, 2013. Credit: Reuters/Larry Downing

Obama, under political pressure, allows renewals of canceled health plans

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WASHINGTON (Reuters) - President Barack Obama bowed to political pressure from his fellow Democrats on Thursday and announced a plan to let insurers renew for one year the health plans for Americans whose policies would be otherwise canceled due to Obamacare.

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