Exclusive: U.S. Delays Deadline for Finalizing Obamacare Health Plans

The Obama administration has delayed a step crucial to the launch of the new “Obamacare” healthcare law.

The U.S. Department of Health and Human Services (HHS) notified insurance companies on Tuesday, August 27, 2013, that it would not sign final agreements with insurance plans between September 5 and 9, as originally anticipated, but would wait until mid-September instead, according to insurance industry sources.

Even so, HHS spokesowman Joanne Peters said the department remains “on track to open” the marketplaces on time on October 1, 2013.

The reason for the delay is unclear. Sources attributed it to technology problems involving the display of insurance products within the federal information technology system.

Read more at Reuters