The Dec Page
The two money quotes from the President's press conference yesterday were:
"What we are also discovering is insurance is complicated to buy." Gee, do you think so? And this one,
“The Affordable Care Act is not going to be the reason why insurers have to cancel your plans.” There we have the main impetus for this policy, to deflect blame.
Some flood policyholders have been receiving incredible premium increases in their flood as a result of the Biggers-Waters Act. The increases have been concentrated in flood prone areas, but the rate increases have caught property owners by suprise. Congress has reached a deal that could delay those increases by as much as four years.
The Associated Press estimated that $684 million will be spent annually to market and promote Obamacare. That’s quite a budget!
We’ve seen a lot of creative marketing campaigns to sell insurance. Who doesn’t love the GEICO gecko’s accent? Then there’s the helpful and overly perky ‘Flo,’ who has over 5 million Facebook fans from selling Progressive insurance. My personal favorite is ‘Mayhem,’ who impersonates everything from a faulty bungee cord to a hot female jogger to show people why they need Allstate insurance.