Turn insta pot on saute mode. When hot, coat inner pot with cooking spray and add bacon. Cook until bacon is crisp.
Add onion and cook 1 more minute.
Hit cancel and add chicken broth. Scrape up any browned bits on the bottom.
add remaining ingredients. Place lit on instant pot and set to pressure cook for 7 minutes. Let pot do a natural release for 10 minutes.
Then open valve to let out any remaining pressure. Remove the lid when the pin drops.