While you were sleeping the government passed a new law which includes $64 billion to extend a policy under Obamacare to reduce health insurance costs. TRANSLATION: Government just gifted $64,000,000,000 to American health insurance companies to be disguised as “subsidies”, a politically correct term for “welfare payment.”
American health insurance companies rejoice at the “can’t lose” news. Business has never been this good with health insurance company stock prices out performing the market all of which would have driven Bernie Madoff into a jealous rage. RIP Bernie!
The new law also spends $98 billion to keep Medicare solvent. Apparently working Americans are not paying their fair share.