[colorado tanker]

Translation: Next year's policies are already priced and in place. We can't change them now, at the last minute.

But if you let customers off the hook of the individual mandate, we will not have the projected revenue to cover the projected risk pool.

So, America's insurance industry, welcome to the Obamacare you supported. You will now be blamed for the cancelled policies. (Why didn't you uncancel them - Barry said you could?) And you will suffer heavy losses because you aren't going to sell all those new, gold plated policies you were promised you could. Have a nice day.

[EVO X]

But if you let customers off the hook of the individual mandate, we will not have the projected revenue to cover the projected risk pool.

I don't think the individual mandate was rescinded at the press conference today. The administrative fix is just to ignore the law for a year.