Trump Forms Insurer

Trump Forms Insurer
By Lirpa Loof Insurance Journal

President Donald J. Trump announced today that he, his family and his Cabinet of billionaires are personally bankrolling MAGA Health Insurance Co. that will offer health insurance to many Americans.

In a morning Tweet, Trump said the coverage will be “the best there is, great, great coverage and the premiums will be low, low, low.”

Coverage will be available to every American except members of the Freedom Caucus, residents of blue states and Rosie O’Donnell.

Trump promised that Trump University students would be able to remain on their parents’ policies for life and that most pre-existing golf injuries would be covered. He said the company will sell insurance across state lines and in Russia.

“If you like your insurance, you can keep it,” said Trump. “But that would be stupid because ours will be much, much greater.”

Sean Spicer, White House spokesman, told Insurance Journal that the headquarters will be in Trump Hotel in Washington and that a Russian firm has been hired to handle the startup’s lobbying and marketing.

Theo Epstein, 42, president of baseball operations for the World Series champion Chicago Cubs, has been named president and chief executive officer of MAGA.

“Some insurers let you buy insurance in just 15 minutes; we let you buy it for just 15 minutes, It’s real quick, just a click, buy insurance only when you need it.” said Trump at a White House press briefing.


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