Trump is wrong — the government wasn’t giving Obamacare insurers a ‘bailout’

Jabin Botsford | The Washington Post | Getty Images
Donald Trump

President Donald Trump has repeatedly called the $7 billion that the government was on track to pay Obamacare insurers this year a “bailout.”

Trump has argued that that money, and billions given insurers in past years, was “a subsidy for the insurance companies,” one that boosted their stock prices and revenues, but did not do much good elsewhere.

“What they gave the insurance companies — take a look at their stocks. Take a look at where their stocks were when Obamacare was originally approved,” Trump said Monday, referring to rising prices of health insurers’ share prices since the passage of Obamacare in 2010.

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