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2-year-extension for canceled plans that don't meet 'Obamacare' standards

President Barack Obama speaks about the Affordable Care Act at Prince George’s Community College in Largo, Md. | Jacquelyn Martin/AP

The Obama administration has announced a two-year-extension for consumers whose plans would otherwise be canceled because they fall short of coverage requirements under the Affordable Care Act.

Other regulations were also announced Wednesday.

The Associated Press has a good synopsis here.