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Professor H

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Re: Michigan Catastrophic Claims Association
« Reply #120 on: June 12, 2018, 05:25:05 PM »

Still don't know where this figure came from.  The fund is close to $20 Billion.
If they can draw only 4% interest, that is $800,000,000.00 per year.
Add that to the premiums charged from policy holders. 
Mind boggling.

Maybe not, but the individual politicians make a lot from lobbyist.
And I don't trust the system enough to believe the State isn't getting something under the table.

I think I got if from the MCCA website...   sorry I'll double check
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