[Mack the knife]

Insurance companies will raise rates to cover the extraordinary costs to extraordinary levels.

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Recall the “guard rails” — the insurance companies will be reimbursed 90% of the losses (that are more than 8% of expected) for the first 3 years ... so the President has just directed taxpayer funds be spent without authorization by a bill originating in the House.

“Stroke of the pen, law of the land ... kinda cool.”

[VerySadAmerican]

If the republicans would stand up and scream that what he’s doing is illegal, maybe the insurance companies would stand up and yell “Go to hell, obama!”