Like it or not, our country needs insurance companies to provide backstop for the everyday activities of the economy. Not all insurance companies are evil nor are they all, admittedly, working for the common good. If you want the government to handle all elements of the insurance risk, though, you can kiss goodbye to another 25%-50% or more of all of the collective personal income we all use for our daily activities. Industry and the economy have always worked better within social and legal limitations but without direct involvement of the government. Lately, it seems that everyone presents one of two options…file a lawsuit or pass a law. The only ones to regularly benefit from this approach are the lawyers and the politicians, some of whom are indistinguishable from one another.
AB52 is the best bill, it protects the consumer. SB1163 Protects the Insurance companies.
Like it or not, our country needs insurance companies to provide backstop for the everyday activities of the economy. Not all insurance companies are evil nor are they all, admittedly, working for the common good. If you want the government to handle all elements of the insurance risk, though, you can kiss goodbye to another 25%-50% or more of all of the collective personal income we all use for our daily activities. Industry and the economy have always worked better within social and legal limitations but without direct involvement of the government. Lately, it seems that everyone presents one of two options…file a lawsuit or pass a law. The only ones to regularly benefit from this approach are the lawyers and the politicians, some of whom are indistinguishable from one another.