The Minnesota Department of Commerce immediately responded to the president's statement, saying they are working closely with state and federal officials on the how the change will affect the State of Minnesota and the MNsure marketplace.
Obama said his administration "fumbled the rollout" of HealthCare.gov and said, "That's on me."
Insurance companies cannot outright cancel health plans in Minnesota, but notices have been sent to at least 140,000 people saying their existing policy could be changed.
Last month, Larry Walburn got a letter from HealthPartners informing him his insurance policy is being discontinued because it doesn't meet the new minimum standards under the ACA.
Walburn did some rough calculations and found that although he and his wife were paying $658 a month for their prior plan, the new one offered by HealthPartners would cost $1,015 a month, an extra $4,280 per year. Walburn said that figure doesn't add up to the promise Obama made.
"If you like your health care plan, you will be able to keep your health care plan, period," Obama said when pitching health care reform.