What are the odds it’s a total scam?

Update: Obama desperately trying to stop the bleeding.

(CNN) – President Barack Obama will make a statement on the Affordable Care Act at 11:35 a.m. ET in the White House Press Briefing Room, the White House announced Thursday morning.

Update: Is this even enforceable? Are the insurance companies going to un-cancel the policies they already cancelled (if that’s even possible)? Like I said above, this is a total scam.

Update: This is an administrative, not legislative, fix. Which I believe means he’s again illegally changing the law (see: employer mandate delay).