President Obama will try to convince the nation next week that Obamacare has been a success, despite indisputable evidence to the contrary.

“On Wednesday, the president will travel to the University of South Florida in Tampa, Florida, to deliver remarks about the progress made by the Affordable Care Act in ensuring that all Americans have access to quality, affordable health care,” the White House said in a press release.

“The increasing instability of the ACA is a serious and ongoing concern.”

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Of course, the only progress made by the ACA has been toward complete and utter collapse. Sixteen of the 23 nonprofit co-ops created under Obamacare to provide health insurance have collapsed.

Only last Tuesday, the House passed the “CO-OP Consumer Protection Act of 2016,” designed to protect Americans who lost their health care coverage when their local co-op collapsed from being forced to pay the ACA penalty for not having insurance.

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While the public co-ops are collapsing, private health insurance companies are fleeing their involvement with Obamacare like the plague. In June, Blue Cross Blue Shield of Minnesota said it was abandoning the state’s exchange.

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In August, Aetna announced it would abandon most of the the health exchanges after losing $300 million this year from individual plans. UnitedHealthcare and Humana have also both dramatically scaled back their involvement in Obamacare exchanges, with UnitedHealthcare leaving 31 of 34 exchanges in which it had a presence.

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In September, BCBS of Tennessee announced it would no longer offer plans in three of the state’s most heavily populated regions, while BCBS of Nebraska announced it was dropping all individual Obamacare plans.

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“The increasing instability of the ACA is a serious and ongoing concern … In all too many cases, the ACA is actually causing decreased choice and increased costs. Changes in the health care law are needed to stabilize the ACA,” BCBS of Nebraska said in an online statement.

On Thursday Harken Health Insurance, a startup and subsidiary of UnitedHealthcare that had been created specifically to offer low-cost health plans through the Obamacare exchanges, announced it was leaving the marketplace.

In addition to the complete collapse of the exchange system, Obamacare has faced further setbacks. In February, a report by the Government Accountability Office revealed investigators had successfully defrauded the system 11 out of 12 times.

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A report by the Congressional Budget Office released in March concluded the health law would cost $136 billion more than it had predicted a year before. The CBO also reported that nine million more people would have had work-based coverage if the law had never been enacted.

In May, it was reported that a million fewer people were covered in 2016 than initially projected. To make matters worse, premiums rose by roughly 16 percent on average this year compared to last year, according to estimates by Ed Haislmaier, a senior research fellow at The Heritage Foundation. In some individual states the situation has been far worse.

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In 2015, the average premium for a family of four in Wisconsin increased by 27 percent according to an analysis by The Heritage Foundation. The cost for the average 27-year-old more than doubled that year, while the average 50-year-old saw an astonishing increase of 68 percent. In Florida, health insurance premiums increased for 50-year-olds by over 80 percent.

In light of Obamacare’s speedy slide into complete chaos, one has to wonder just what exactly the president is going to say in defense of his signature domestic achievement.