have to spend at least 80% of that on health care, on actually providing you health care. so advertising and bonuses for their ceos and generic overhead cost has to be less than 20% of what you pay. they call it the 80/20 rule. and the punishment for companies that don t meet that requirement is genius. it s political genius. those companies have to pay the difference back to you in a check that s made out to you, that comes with this cover letter. those companies have to pay the difference back to you in a check that s made out to you that comes with this cover letter. this rebate is required by the affordable care act, the health reform law. honestly, they should just add to it, you know, obama care. the policy here is kind of a generically common sense idea. if i m going to have to spend money on health insurance, don t
rebate, but this wasn t a rebate. you weren t overcharged for something. your child had not paid too much money in the government and therefore needed to get $300 back. it was just a check from gorge w. bush to you, please spend it. it was a government handout, not that there s anything wrong with that. this is political genius. at a very base level, dude s giving you hundreds of dollars for nothing. it kind of makes you like the guy. right? policy-wise, it was not as much genius as this was in political terms. political terms this is very smart, but in policy terms it did have weakness. if you spend somebody a check for $600 or $1200, most people s instincts is not to take it to the bank, flip it over and get all the money back in cash and spend that cash immediately. some people might do that. overall, most people, the instinct will be to deposit the
health care. as a result, those things which i think were significant achievement, he got no credit for. ever time i m driving and i see a big sign on the side of the road that says this improvement project funded by the american recovery act, which is the name of the stimulus project, i tend to think of that as cutting both ways because on the one hand you are trying to attribute a tangible benefit to taxpayers. i know what you re going to say. at the same time the reason someone is seeing that sign is because they are sitting in traffic. what i would have done, i would have got a mascot. put him right on the side. number two, i would add jobs created by this revitalization project. boom. big letters right underneath it. can we interpret on this gas pump deregulation issue the insurance rebate cover letter? these other things that are happening to put the kangaroo on these policies. do you think that s a sign the administration is getting better at messaging and trying to ge
up to $600 a person. $1200 for couples and $300 per child. every man, woman and child in america getting free money from the government. thank you george w. bush. he called it a rebate. this wasn t a rebate. you weren t overcharged for something. your child had not paid too much money in the government and therefore needed to get $300 back. it was just a check to you. please, spend it. it was a government hand out, not that there s anything wrong with that. this is political genius. at a very base level, dude s giving you hundreds of dollars for nothing. it kind of makes you like the guy. it was not as much genius as in political terms. political term this is is very smart. in policy terms it did have weakness. if you spend somebody a check for $600 or $1200, most people s