Obamacare Already Looking For Bailout

Earlier this month, the Obama administration announced that insurers who lost money selling Obamacare would not get a $2.5-billion bailout. It was great news for taxpayers, but it didn’t happen by chance.

Both chambers of Congress worked very hard to make those savings possible. And lawmakers will have to continue working hard to keep bailouts like this from happening in the future.

Here’s how Congress did it this time. But first, some background.

Obamacare used generosity to overcome insurance companies’ objections to its excessive regulation. For starters, the law mandated that everyone buy their product. It created new subsidies to help people make those purchases. And it massively expanded Medicaid, which is largely administered by insurers.