President Obama promised that the ACA would lower premiums by up to $2,500 per family and bend the cost curve down.
Obamacare premium costs will soar 20.3 percent on average in 2016 instead of the 7.5 percent increase claimed by federal officials, according to an analysis by The Daily Caller News Foundation.
The discrepancy is because the government excluded price data for three of the four Obamacare health insurance plans when the officials issued their recent forecast claiming enrollees would face only a 7.5 percent average rate increase in 2016.
When data for all four plans are included, premium costs will actually rise on average 20.3 percent next year. The 2015 Obamacare price hike was 20.3 percent.
The Obamacare program’s federal exchange operates in 37 states where officials declined to set up state-run exchanges
Video: Obama on the campaign trail promising 17 times to lower health care premiums under Obamacare