Manafort Mystery Lender’s Next Act Is an Obamacare End Run

A health insurance plan that threatens to further erode Obamacare, one of President Donald Trump’s favorite targets, is awaiting the U.S. government’s sign-off.

It comes from a group of little-known companies with an investor who’s had only one other turn in the spotlight -- as the guy behind a mysterious loan to Trump’s onetime campaign chairman, Paul Manafort.

Although these companies aren’t tied to bold-faced names or big insurers, they have well-connected lobbyists and the support of Republican attorneys general of Georgia, Texas, Louisiana and four other states. What they’re proposing is health coverage, with a twist. In ...