Fact Check: President Trump’s claim of Obamacare ‘bailouts’ for insurance companies

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

Source: Youtube

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