Quote:
Originally posted by Spanky
30% Wow. See, you are a small business and it is a problem. If the problem is the insurance company's is it becaues they are overegulated? If the premiums are going up but the claims are not shouldn't the insurance company's be showing record profits? And if they are shouldn't more company's be getting into the business?
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I disagree. The companies raise rates as far as they can get away with doing. The med mal crisis is a sham. The doctors are being manipulated by insurers. What needs to happen is the lawyers and docs getting together and suing the insurers for gouging. If you go through all the studies, you'll see the industry raises rates in response to disasters or dips in their investments. Thats breaching the very center of the insurance contract, which agrees to charge based on risk (its not written exactly that way, but thats the center of the concept behind insuruance since its existed). I'd love to bring a class action against insurers on behalf of doctors and fuck them up like the tobacco companies. But that case would probably run through 2134.
I hate regualtion generally, but insurance is one of those areas where the states should be pre-empted, and we should have some Fed Agency manage it like the SEC.
