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Wash. Senators Pass Gregoire's Malpractice Compromise
West News • February 24, 2006
Washington State senators have approved changes to the medical malpractice system, endorsing a compromise hammered out by doctors and lawyers in weeks of secret negotiations with Gov. Chris ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: Insurers cut out again | V Lenin | Feb 24, 2006, 1:42 pm |
| RE: Insurers cut out again | Furry | Feb 24, 2006, 12:13 pm |
| Insurers cut out again | bud mcfarlane | Feb 24, 2006, 10:28 am |
| Back to article | ||
Subject: RE: Insurers cut out again
The only thing thing that makes coverage more available and more affordable is premium caps. Not liability caps. California proved this.
This legislation is the first time in modern American insurance that the insureds and the claimants have gotten together to try and figure out a way to save money that the insurance industry hasn't had the guts or the will to pursue.
The goal of insurance is not to benefit the insurers. Insurer profits are incidental to the whole process of risk management. If the risks can be dealt with outside of the usual insurance claims process more efficiently, what's the problem?