The president has routinely abrogated the law: He suspended Obamacare's employer mandate, refused to enforce the defense of marriage act, arbitrarily cancelled contracts held by auto-company bondholders, ordered American citizens killed without due process, conducted war in Libya without even Congressional input and instructed his minions to cease enforcing immigration laws. When this president unconstitutionally seizes the power of the legislature, Democrats don't see any hostages, extortion, or terrorism.
The president's latest arbitrary whim is bad news for insurance companies. Because insurers do not have time to arrange to violate the law he has just waived, the president undoubtedly will blame them for having complied with it.
Two Democrat insurance commissioners reject Obama's Obamacare fix:
State [Washington] rebuts Obama plan to allow old health insurance policies
Oregon insurance commissioner says state won't delay 2013 health coverage cancellations
They know the Obama decree can't work. In fact, Oregon's state exchange doesn't work at all, and has enrolled zero people thus far. The president's about face would just make it worse. Everybody except our pathologically narcissist president knows it.
His organizing has gone a community too far.