When Covered California, the Golden States' health insurance exchange being set up under ObamaCare, initially announced its rates beginning in 2014, it claimed that rates will go down. Kevin Drum at Mother Jones ("if these early results hold up, Obamacare's structure seems to be doing a pretty good job at its core mission of controlling prices.") and Rick Ungar at Forbes ("the reality is that the early report card on Obamacare—at least in those states willing to give the law a chance to succeed—is looking pretty darn good. ") got suckered in. It isn't so, as Avik Roy explained yesterday...