So they designed it to fail miserably?

Via CBS News:

Acknowledging there will be “glitches” in the ongoing rollout of the Affordable Care Act, President Obama on Thursday brought Obamacare supporters to the White House to stress that the law is already saving consumers money.

Obamacare, the president said, is “doing what it’s designed to do — deliver more choices, better benefits, a check on rising costs.”

Because of a provision of the health law already in effect, health insurance companies are required to spend at least 80 percent of what consumers pay in premiums on health care expenses, rather than profits or overhead. The “medical loss ratio” rule has saved more than 77 million people as much $3.4 billion up front on their premiums. On top of that, 8.5 million consumers are receiving rebates averaging about $100 per family.