Oh come on! Politicians have absolutely no regards for business at all. One of my carriers, Travelers, spent hundreds of thousands of dollars (maybe more) the change the systems, revamp BI, UM and med pay rates and retrain adjusters to accommodate the sunset of PIP and now they are going to keep it?? WTF??
IT ALL SOUND VERY NICE SAYING WE WANT TO PREVENT FRAUD , HAS ANY ONE REALLY DONE A STUDY ON THE INSURANCE COMPANY’S AND HOW MANY FRAUD THEY HAVE COMMITTED? THERE ARE HONEST PROVIDERS THAT STRIVES TO PROVIDE GOOD CARE FOR THEIR PATIENT’S THAT HAVE TO SPEND MORE TIME ON THE PHONE TRYING TO GET PAID FOR SERVICES RENDERED THAN TIME SPEND WITH THE PATIENT. THESE INSURANCE ARE USING FRAUD AS A COVER UP NOT TO PAY HONEST PROVIDERS.
Clearly, you have never worked in the South Florida (Miami/FT Laud) market, or you would sing a different song.
I used to believe, like you, that the insurance companies were pulling a fast one. However, after working in the Ft Lauderdale area for 5 years, I was shocked to see that there are entire networks of people who stage accidents, and file claims.
The doctors are in on it. The attorneys are in on it, and of course the client is in on it.
It’s disgraceful. The insurance companies, though flawed, have a very valid point with this issue
On September 4th it was reported that Senator Posey had drafted a bill to extend P.I.P. that would have a fee schedule tied to the one that is used by medicare. This schedule would pay 200% of the medicare benifit. Does it cost the insured more to pay for 200% rather than 100%? Do the math. This recommendation was strongly opposed by the hospital lobby
as they want to continue with the present system which has no cost controls built in. The insurance companies can not contest the charges, as they are required to pay the bill within 30 days. If they do contest then they get hit with a bad faith judgment. It will be interesting to see what kind of a band aid they put on it this time. The legeslature has been trying to fix this folley for 35 years. That is why Florida has the 8th highest insurance costs in the country.
Oh poor Travelers…they switched paperwork before anything is set in stone. Good for them. Now they can needlessly spend some of the millions they have for nothing.
PIP is here to stay. New politicans are being backed who are in favor of PIP and will fight to keep it indefinately with no chance at a sunset.
Oh come on! Politicians have absolutely no regards for business at all. One of my carriers, Travelers, spent hundreds of thousands of dollars (maybe more) the change the systems, revamp BI, UM and med pay rates and retrain adjusters to accommodate the sunset of PIP and now they are going to keep it?? WTF??
IT ALL SOUND VERY NICE SAYING WE WANT TO PREVENT FRAUD , HAS ANY ONE REALLY DONE A STUDY ON THE INSURANCE COMPANY’S AND HOW MANY FRAUD THEY HAVE COMMITTED? THERE ARE HONEST PROVIDERS THAT STRIVES TO PROVIDE GOOD CARE FOR THEIR PATIENT’S THAT HAVE TO SPEND MORE TIME ON THE PHONE TRYING TO GET PAID FOR SERVICES RENDERED THAN TIME SPEND WITH THE PATIENT. THESE INSURANCE ARE USING FRAUD AS A COVER UP NOT TO PAY HONEST PROVIDERS.
Show me an honest provider and I’ll show you a Provider that does not treat PIP Claims !
In respond to AG;
Clearly, you have never worked in the South Florida (Miami/FT Laud) market, or you would sing a different song.
I used to believe, like you, that the insurance companies were pulling a fast one. However, after working in the Ft Lauderdale area for 5 years, I was shocked to see that there are entire networks of people who stage accidents, and file claims.
The doctors are in on it. The attorneys are in on it, and of course the client is in on it.
It’s disgraceful. The insurance companies, though flawed, have a very valid point with this issue
On September 4th it was reported that Senator Posey had drafted a bill to extend P.I.P. that would have a fee schedule tied to the one that is used by medicare. This schedule would pay 200% of the medicare benifit. Does it cost the insured more to pay for 200% rather than 100%? Do the math. This recommendation was strongly opposed by the hospital lobby
as they want to continue with the present system which has no cost controls built in. The insurance companies can not contest the charges, as they are required to pay the bill within 30 days. If they do contest then they get hit with a bad faith judgment. It will be interesting to see what kind of a band aid they put on it this time. The legeslature has been trying to fix this folley for 35 years. That is why Florida has the 8th highest insurance costs in the country.
Oh poor Travelers…they switched paperwork before anything is set in stone. Good for them. Now they can needlessly spend some of the millions they have for nothing.
PIP is here to stay. New politicans are being backed who are in favor of PIP and will fight to keep it indefinately with no chance at a sunset.
Thank god we will all be protected.!