Yesterday President Obama gave a speech in an attempt to reassure Americans Obamacare is a good thing after his administration delayed the employer mandate until 2015 while keeping the individual mandate in place. During his remarks, he berated critics for “playing politics” while claiming Obamacare lowers costs and provides better care.

But today, the Associated Press fact checker is calling much of Obama’s speech misleading and exaggerated.

Another year, another round of exaggeration from President Barack Obama and his administration about health insurance rebates.

In his speech defending his health care law Thursday, Obama said rebates averaging $100 are coming from insurance companies to 8.5 million Americans. In fact, most of the money is going straight to employers who provide health insurance, not to their workers, who benefit indirectly.