Obviously there was no political mileage to be made opposing direct income to the state when she allowed the taxes to go up. Making the insurance industry out to be the bad guy is a career builder. Just look what happens in other states.
Where was she when the utility companies took 30% increases? or when automobiles gradually increased from an average of $15,000 per to more than $30,000? or gasoline now back up $3.00 a gallon or more? Again, though, no political mileage available in these cases.
But what will happen if the insurance companies do go out of business because they cannot pay the claims? Not everyone will get a bailout like we saw happen in 2008.
Hear Martha is complaining about a nominal increase in premiums, no doubt with actuarial justification, and yet I don’t recall her saying a word about the 40% increase in Registry fees imposed in October or the increase in sales/use tax by 25% imposed on August 1. Both of these had far larger consequences for employers (and regular citizens) than this miniscule change in rates.
That’s the point – she wants the money paid to the state in the form of taxes. If more has to go to insurers etc. it means less left over for them! Why is she commenting anyway, isn’t this a Dept. of Ins. issue? Anything to keep her name in the press after getting thrashed (LOL) in the senate election.
As we watch in horror, government is slowly but surely supplanting the private market…and making us all beholden to handouts. The more they suck from us, the less there is available in private funds for investment & jobs. Capital is a finite resource.
“Capital is a finite resource” – apparently Obama, Pelosi, Reid etal don’t realize that. Nothing stops them from spending like drunken sailors. I truly do wonder how long before the US has to declare bankruptcy? Then what happens? Wish I didn’t pay so much attention to this stuff as it is really depressing.
I live in Massachusetts, and I run a small business. Where was Martha when they raised my taxes last year?
She was running for the US Senate.
Obviously there was no political mileage to be made opposing direct income to the state when she allowed the taxes to go up. Making the insurance industry out to be the bad guy is a career builder. Just look what happens in other states.
Where was she when the utility companies took 30% increases? or when automobiles gradually increased from an average of $15,000 per to more than $30,000? or gasoline now back up $3.00 a gallon or more? Again, though, no political mileage available in these cases.
But what will happen if the insurance companies do go out of business because they cannot pay the claims? Not everyone will get a bailout like we saw happen in 2008.
Martha’s track record stays intact. There isn’t a rate increase the industry has proposed for any line of business that she hasn’t objected to.
I hope the company’s actuarial justification for the increase is better than the her political justification to oppose it.
Policitian’s always make political decisions. They should stay away from business.
Hear Martha is complaining about a nominal increase in premiums, no doubt with actuarial justification, and yet I don’t recall her saying a word about the 40% increase in Registry fees imposed in October or the increase in sales/use tax by 25% imposed on August 1. Both of these had far larger consequences for employers (and regular citizens) than this miniscule change in rates.
That’s the point – she wants the money paid to the state in the form of taxes. If more has to go to insurers etc. it means less left over for them! Why is she commenting anyway, isn’t this a Dept. of Ins. issue? Anything to keep her name in the press after getting thrashed (LOL) in the senate election.
As we watch in horror, government is slowly but surely supplanting the private market…and making us all beholden to handouts. The more they suck from us, the less there is available in private funds for investment & jobs. Capital is a finite resource.
“Capital is a finite resource” – apparently Obama, Pelosi, Reid etal don’t realize that. Nothing stops them from spending like drunken sailors. I truly do wonder how long before the US has to declare bankruptcy? Then what happens? Wish I didn’t pay so much attention to this stuff as it is really depressing.
As Sen Brown stated, “Marsha” is still running for something, possibly for her politcal life.