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At the heart of the budget standoff that has shut down the government is Democrats’ insistence on extracting a laundry list of policy changes, including locking in the supposedly temporary, COVID-era expansion of Obamacare premium tax credits (or “Biden COVID credits”). In essence, Democrats think the best way to lower healthcare costs is to direct more funding to insurance companies. This idea could not be more wrong. The credits are costly, poorly targeted and riddled with fraud, and do nothing to stop rising premiums.

Start with the price tag. Based on Congressional Budget Office (CBO) estimates, permanently extending the Biden COVID credits would cost about $410 billion over

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