Iowa health insurer Wellmark Blue Cross Blue Shield better prepare for IRS audits and HHS attacks. The company published three YouTube video ads today poking fun at Obamacare’s health insurance exchange follies.

At least one competitor already complained and you can be sure the wrath of the feds is sure to follow. Iowa’s health insurance commissioner, however, sees nothing wrong with Wellmark’s cheeky exercise of free speech.

Exit fact: Wellmark saw what was coming way before the hapless technocrats did.