Santa Claus LLC Out of Business Due to Obama Care Health Insurance Costs

 Santa Claus knew this day was coming, and he put it off as long as possible, but as the CEO and Chairman of Santa Claus Inc., he had no choice but to file bankruptcy in November of 2009. You see, the commercial credit markets were tight, and he just couldn't make payroll, nor could he borrow the money until the Christmas season was over when the money would flow in again. Over the last few years health insurance and worker's compensation costs have skyrocketed.

 

The elves just haven't been happy, although Santa Claus has done everything he could to provide excellent health care for all of his employees, and even pet insurance for the reindeer. Geico stepped in to give them a discount thankfully otherwise they would have been out of business last Christmas. Things have been tough at the North Pole because they were expecting global warming which never happened, they were hoping to save on their heating bill and extra money was to go towards health insurance broker workers.

 

Unfortunately, Santa found out that global warming was not real, and the polar bears have increased in population at an alarming rate, and Santa Claus had to hire more security guards for the factories this year, because the vicious polar bear like eat the bite size elves for a snack. Too many of the elves have been maimed by the polar bears, and this has increased worker's compensation insurance, and cause many elves to file stress claims in fearing for their lives.

 

But the straw that broke the camel's back was the Care ObamaCare Health Insurance Plan, which raised costs to such a high rate, the company could no longer do its work in delivering toys this year. Santa said he was very sorry and did everything he could to hang on to the company, but it was no use, so "Christmas is cancelled, send your letters to Obama instead," he said.