Last week, insurance giant Anthem announced it was pulling out of the Obamacare exchanges in Nevada, leaving most of the counties within the state without even one insurer to cover demand in the individual marketplace. This latest development only increases the pressure on Congress to do something.

If history is any guide, conservatives should prepare themselves for some kind of bailout of the insurance industry—a backstop of some sort to keep insurers on the exchanges, offering policies that are not prohibitively expensive. Such a subsidy, while sure to generate bad headlines, would be perfectly in keeping with the corporatism that has defined our welfare state for more than half a century.