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Reply #3: Never was about malpractice claims or defensive medicine [View All]

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Coastie for Truth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-05 04:20 PM
Response to Original message
3. Never was about malpractice claims or defensive medicine
Edited on Thu Mar-10-05 04:21 PM by Coastie for Truth
It was always was about the insurance companies' portfolios.

The insurance company casualty insurance business model is to collect premiums, invest the premiums, and fight like the devil when they have to pay a casualty claim.

And then run to government for a bail out.

    ---Flood insurance

    ---Florida and Southeastern US Hurricane Insurance.

    ---Earthquake insurance.

    ---Medical malpractice insurance

    ---Airline liability and "hull insurance" for "war risks"

    --- Nuclear power plants.


Now they are quietly lobbying both parties for "catastrophic illness re-insurance" where they get reimbursed by the government for big ticket claims.

We need "insurance reform" not "tort reform."

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