In his latest assault on the separation of powers, President Obama seems poised to take unilateral executive action—in direct defiance of legislation he signed—to bail out insurance companies under Obamacare. In its above-the-fold story on Friday, the Washington Post mischaracterizes Obama’s power grab in two important ways: First, it claims that the bailout money is merely what “the government owes” insurers and “what the insurers are owed.” Second, it claims that the program in question “originally was not supposed to pay for itself,” until Republicans altered it. Each of these claims is false.