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According to insurance companies and state regulators, however, this solution seems unlikely to work... and might even make things worse.

SEE ALSO: Obama Changes Obamacare Message After Cancellations

According to The New York Times, insurers and regulators, who said they were not consulted about Obama's proposed fix, held an angry conference call in which they expressed their dislike of the idea.

Possible detrimental effects of the fix, including the destabilization of the entire new insurance marketplace, were discussed. Insurers and regulators warn that allowing people to keep their ineligible plans will drive up premiums, meanwhile causing a logistical nightmare as insurers work to un-cancel millions of cancelled plans.

Read more at The New York Times.

Reach Executive Producer Francesca Bessey here; follow her here.