“In addition to pursuing those who are ripping-off the system, Boyd also wants to reward citizens who comply with the law by providing premium discounts for using clinics suggested by insurers.”
——-> I’m sure these insurance-suggested clinics will be really patient-oriented. My God! People are getting ripped off so hard by the insurance companies and this nonsense only worsens the problems which they’ll continue to blame on the boogey-man. Smarten up Florida. Anything your legislature supports is bad for people and good for profits. The state’s biggest insurance fraud criminal in history is the new Governor.
I am the son of a Florida doctor. Forgive me if I can read this law and understand the impact. It is a license for every insurance company, some reputable, some fly-by-night, to shortchange every doctor about $500 on every bill. What lawyer would take them through a PIP suit to recover only $1500 for their service? Nevermind take them through arbitration, etc.?
This bill is immoral thievery. Crack down on the people breaking the law, the frauds. This just shifts the cost they cause to doctors and injured people instead of the insurance companies who are supposed to be in the business of absorbing those costs. Who are you?
Does your father work closely with and receive referrals from personal injury attorneys? If so, good ol’ Dad might be part of the problem not the solution.
I am someone who has 20+ years in the claims arena who has seen companies get soaked for millions. I’ve seen attorney’s file a PIP suit over $0.05 in interest, just to get their fees. I’ve seen people milling around a “fender bender” handing out chiropractor’s business cards. I’ve seen insurance premiums in Florida raise and raise and raise, because companies just can’t afford to keep shelling out millions of dollars and break even, much less make a profit, which by the way is what their in business to do in the first place. I’ve seen rings of orthopedic/neurologic/physical therapy/chiropractors shuffle people till reach the PIP limit that at that point declare them at maximum medical improvement. (with of course the obligatory 4% impairment rating so they’ve met the tort threshold) Personally I would toss PIP so far out the window that it would land in Canada, but in the alternative, tougher sanctions to prevent abuse are in order.
Do carriers currently lose money on writing PIP policies?
March 23, 2011 at 3:09 pm
FLagent/insured says:
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Mark, the Drs and hospitals are already getting ripped off. When the attorney comes and gets total PIP pay out for the insured, 40% goes directly to the attorney and 60% goes directly to the insured. And I can guarantee you the hospital and the doctor sees none of this money. I have personally and professionally seen this happen. So this reform benefits everyone not just the insurance company. Do you actually know who pays for the insurance companies claims? The consumer, meaning anyone who buys insurance.
you have not seen that happen. PIP goes only to the doctors. the patient and lawyer claim for bodily injury, not PIP. anything happening otherwise is already fully illegal. just enforce the law. don’t use their fraud as a scapegoat to make horrendous reforms such as this one that would render all injured people unable to get a doctor or a lawyer.
March 23, 2011 at 12:22 pm
SWFL Agent says:
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In addition to these ideas, the PIP language needs to be changed so that it ONLY applies to injuries suffered from a “collision with an object” and remove the loopholes where back injuries are covered while removing groceries from the car or injuries from ant bites while changing a flat tire (yes, I’ve seen them both). This as never the intention of PIP.
PIP, homeowners, health insurance it’s all the same basic issue. The large corporations who run the insurance companies understand that by controlling the legislature they can craft laws that insure ever larger profit margins at the expense of the public.
With the new corporate camapign finance regs that our wonderful legislature just passed there is nothing left to stand in the way insurance companies outright purchasing the remaining scraps of the legislative process that they didn’t already own.
PIP reform is just another In long line of laws that screw the public in order to further enrich the carriers. The citizens who take pleasure in watching the lawyers or docs or hospitals getting their slice of the pie cut a bit more just don’t understand that eventually the same thing will happen to them in the form of a rejected claim, loss of access to healthcare or loss of access to the courts.
“In addition to pursuing those who are ripping-off the system, Boyd also wants to reward citizens who comply with the law by providing premium discounts for using clinics suggested by insurers.”
——-> I’m sure these insurance-suggested clinics will be really patient-oriented. My God! People are getting ripped off so hard by the insurance companies and this nonsense only worsens the problems which they’ll continue to blame on the boogey-man. Smarten up Florida. Anything your legislature supports is bad for people and good for profits. The state’s biggest insurance fraud criminal in history is the new Governor.
Who are you?!
Someone who obviously doesn’t know much about the ongoing problems with PIP in it’s current form in Florida.
I am the son of a Florida doctor. Forgive me if I can read this law and understand the impact. It is a license for every insurance company, some reputable, some fly-by-night, to shortchange every doctor about $500 on every bill. What lawyer would take them through a PIP suit to recover only $1500 for their service? Nevermind take them through arbitration, etc.?
This bill is immoral thievery. Crack down on the people breaking the law, the frauds. This just shifts the cost they cause to doctors and injured people instead of the insurance companies who are supposed to be in the business of absorbing those costs. Who are you?
Does your father work closely with and receive referrals from personal injury attorneys? If so, good ol’ Dad might be part of the problem not the solution.
I am someone who has 20+ years in the claims arena who has seen companies get soaked for millions. I’ve seen attorney’s file a PIP suit over $0.05 in interest, just to get their fees. I’ve seen people milling around a “fender bender” handing out chiropractor’s business cards. I’ve seen insurance premiums in Florida raise and raise and raise, because companies just can’t afford to keep shelling out millions of dollars and break even, much less make a profit, which by the way is what their in business to do in the first place. I’ve seen rings of orthopedic/neurologic/physical therapy/chiropractors shuffle people till reach the PIP limit that at that point declare them at maximum medical improvement. (with of course the obligatory 4% impairment rating so they’ve met the tort threshold) Personally I would toss PIP so far out the window that it would land in Canada, but in the alternative, tougher sanctions to prevent abuse are in order.
Do carriers currently lose money on writing PIP policies?
Mark, the Drs and hospitals are already getting ripped off. When the attorney comes and gets total PIP pay out for the insured, 40% goes directly to the attorney and 60% goes directly to the insured. And I can guarantee you the hospital and the doctor sees none of this money. I have personally and professionally seen this happen. So this reform benefits everyone not just the insurance company. Do you actually know who pays for the insurance companies claims? The consumer, meaning anyone who buys insurance.
you have not seen that happen. PIP goes only to the doctors. the patient and lawyer claim for bodily injury, not PIP. anything happening otherwise is already fully illegal. just enforce the law. don’t use their fraud as a scapegoat to make horrendous reforms such as this one that would render all injured people unable to get a doctor or a lawyer.
In addition to these ideas, the PIP language needs to be changed so that it ONLY applies to injuries suffered from a “collision with an object” and remove the loopholes where back injuries are covered while removing groceries from the car or injuries from ant bites while changing a flat tire (yes, I’ve seen them both). This as never the intention of PIP.
Want to reform it? Get rid of it. PIP always has been and always will be a cash cow.
PIP, homeowners, health insurance it’s all the same basic issue. The large corporations who run the insurance companies understand that by controlling the legislature they can craft laws that insure ever larger profit margins at the expense of the public.
With the new corporate camapign finance regs that our wonderful legislature just passed there is nothing left to stand in the way insurance companies outright purchasing the remaining scraps of the legislative process that they didn’t already own.
PIP reform is just another In long line of laws that screw the public in order to further enrich the carriers. The citizens who take pleasure in watching the lawyers or docs or hospitals getting their slice of the pie cut a bit more just don’t understand that eventually the same thing will happen to them in the form of a rejected claim, loss of access to healthcare or loss of access to the courts.
You can’t get rid of PIP. Too many insurance companies have been getting fat on it for years. Who’s idea do you think it was in the first place? They just want bigger profits. Don’t believe me. Check out http://articles.sun-sentinel.com/2011-03-24/business/sfl-florida-low-auto-insurance-premiums-032411_1_auto-insurance-premiums-insurance-commissioners-large-insurers. The insurance companies are making money hand over fist. You don’t hear about this in the “discusssion”