President Obama said last week that insurance companies could extend by one year any policies they had canceled because they didn’t meet the criteria of the Affordable Care Act. That would ensure that policyholders wouldn’t have to pay more, even though they would be getting better coverage under the ACA.

The president left it up to the insurance companies and individual state regulators to decide whether or not to continue offering the canceled plans. At least seven states have turned down the president’s proposal thus far.