To: Red Steel
Insurance companies will raise rates to cover the extraordinary costs to extraordinary levels.
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.”
To: Mack the knife
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!”
posted on 12/14/2013 9:07:30 AM PST
(".....Barrack, and the horse Mohammed rode in on.")
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