Earlier this week the Washington Post and Daily Kos celebrated a new report that showed rising Obamacare premiums were still 10% lower than than the full premiums in the average employer plan nationally in 2016.
There was only one problem with this report: it wasn't true.

We are left with a paradox. If Exchange enrollees cost as much or more to insure, how can Exchange premiums be lower? The answer is, they aren’t. Exchange premiums are higher than comparable employer-plan premiums. The authors of the Urban study failed to account for the full premiums for Exchange plans.
The study’s authors used the premiums that HealthCare.gov and state-run Exchange web sites quote prospective enrollees. Yet those quotes do not reflect the full premium for Exchange plans.
For example, taxpayers finance a large portion of Exchange-plan premiums through the ACA’s “reinsurance” program. The reinsurance program taxes almost all health plans, including most employer-sponsored plans, and uses the revenue to subsidize Exchange plans. The reinsurance program shifts a large part of the premiums for ObamaCare plans to people in non-ObamaCare plans. A study by the Mercatus Center found that in 2014, “net reinsurance payments paid by government to insurers selling individual market QHPs totaled about 20.4% of gross premiums.” That means that in 2014, the actual cost of Exchange plans—the full premium—was at least 20.4 percent higher than the stated premium. If net reinsurance payments to Exchange plans in 2016 are just 8 percent of gross premiums, the authors of the Urban study would have to adjust Exchange plan premiums upward not by 24 percent, but by 34 percent (1.24 * 1.08 ≈ 1.34).

As you can see in the chart at the top, medical care costs are rising at one of the highest rates in recent decades, and they are accelerating.
But that's not the scary part. The scary part is what happens in January.

Through last weekend, insurers in a dozen states had their rate requests for 2017 finalized. While there are some notable bright spots, such as Rhode Island, which is expected to see a weighted increase in premium prices of just 1% in 2017, residents in the vast majority of the approved states are looking at double-digit percentage increases. As aggregated by ACASignUps.net, four of the first 12 states to finalize their rate requests for 2017 are looking at weighted increases of at least 30%.

21 states have so far finalized 2017 Obamacare premiums, and it's not looking good.

A 25% hike in premiums won't go over well.
Now granted, a lion's share of those premium hikes won't be seen by much of the public because of federal subsidies, but that only means the taxpayer will be picking up the costs of private health insurance.

This Bloomberg article identified the dramatic rise in Obamacare premiums to the collapse of the co-ops.

As concerns about the survival of the Affordable Care Act’s markets intensify, the role of nonprofit “co-op” health insurers -- meant to broaden choices under the law -- has gained prominence. Most of the original 23 co-ops have failed, dumping more than 800,000 members back onto the ACA markets over the last two years.
Many of those thousands of people were sicker and more expensive than the remaining insurers expected -- and they’re hurting results. With more of the nonprofits on the brink of folding, the situation for the remaining providers looks dire. Anthem Inc., for example, is facing an estimated $300 million in losses on its exchange business for individual plans this year, after turning a profit in 2014 and almost breaking even on the program in 2015, according to the company.
“These co-ops have attracted, we think, disproportionately high health-care utilizers,” Gary Taylor, an analyst with JPMorgan who follows the industry, said in a telephone interview. Their former members “are now enrolled in these for-profit health plans. That’s been a factor driving the deterioration in their profitability.”

Only seven of the original 23 Obamacare co-ops still exist and most of them won't last much longer.

“Are we in an Obamacare ‘death spiral?’” health insurance consultant Robert Laszewski asked in a Sept. 9 bulletin to clients, where he described the grim scenario. In a death spiral, as options for coverage shrink, insurers attract increasingly sick patients and suffer losses. That forces them to raise rates, driving away healthy, profitable customers. Facing more losses, they raise rates again, causing more healthy people to leave, and so on -- until all that’s left are high premiums and a small pool of the unwell.

While health insurance premiums get most of the headlines, a bigger problem is largely unnoticed: deductibles.

For 18 years, the Kaiser Family Foundation and the Health Research and Educational Trust have done an annual survey of employer health benefits. This year it found that deductibles rose 12% in 2016 in the group market and four times faster than premiums increased. For context, 150 million Americans get coverage through their employers. The trend toward higher deductibles is especially pronounced among employers with fewer than 200 workers, where 65% of employees are now in high-deductible plans. The average deductible in these firms is $2,000.
Rising deductibles, coupled with the slow economic recovery from the Great Recession, has depressed utilization of health services and helped to keep premium increases lower than they would otherwise be....
But just as high deductibles help hold down costs, they also can take a big bite from the pocketbooks of consumers. As the chart below illustrates, deductibles are rising almost six times faster than wages. This, more than any other single factor, is why consumers don’t see the bright side of the historic moderation in health costs the country is experiencing.

The entire health care system is sick. Obamacare is merely on the leading edge of this chronic problem.
2017 is when Obamacare hits the wall. The rest of the health care system is right behind it.