The Mudcat Café TM
Thread #145621 Message #3369953
Posted By: Bobert
30-Jun-12 - 01:47 PM
Thread Name: BS: Supreme Court rules Obamacare OK - it's a TAX!
Subject: RE: BS: Supreme Court rules Obamacare OK - it's a TAX!
Here's the part that Obama eluded to in his short talk after the decision and it's why the insurance companies have spent so much $$$ to defeat this... The legislation forces them to pay out 85% of premiums in health care... I've brought this up before but folks just don't get the implications...
Millions of Americans will be receiving a check later this summer from their insurance companies that will reimburse them for a share of their premiums going back to the bill's implementation for excessive CEO salaries, stock holder dividends and administrative costs that exceed the lawful 15%...
That's the fly in the ointment...
B~