The president tweeted, “If a new health
care bill is not approved quickly, bailouts for insurance companies and
bailouts for members of Congress will end very soon.” A bailout means a company
is being propped up with government money after making bad decisions. But that’s not the case here. The Affordable Care Act required insurance companies to
offer plans that would reduce deductibles and co-pays for lower-income
Americans with the understanding that the federal government would make up the
difference. Because of a drafting error the law did not actually require
Congress to appropriate the necessary funds and the courts are still debating
what is required. In any case, insurance companies don’t make money through the
cost-sharing provision they are being paid back for money they have already
spent. For this, we award President Trump four Pinocchios.