By: Frank

Frank — Tue, 04 Aug 2009 02:50:38 +0000

n Michigan we have have dramatic tort reform for 16 years. Medical malpractice suits no longer even exist here due to damage caps. There have been no corresponding caps on insurance premiums however. Older people die due to medical malpractice issues and drugs shown to cause cardiac arrest (recalled by the FDA) and because there is no wage loss claim, their families get zero because no attorney can afford to take the case. The insurance companies’ success in Michigan was beyond their wildest dreams. It’s all true. Come to Michigan and take a look at where the insurance lobby pours the contributions out to our politicians, keeping the rates sky high, but limiting the exposure of their benefactors. We are the only state that gives a free ride to pharmaceutical companies on product liability. Guess what? In Michigan insurance rates have continued to climb higher then inflation. It is an old canard, the bogey man trial lawyers. Well, the insurance propagandists won here in Michigan, and we are worse off then ever. We have mandatory “No-Fault” which means it is a crime not to buy their product. Insurance was never meant to create financial behemoths that buy and sell our politicians like mafia bosses of a bygone era. Start to question these so called “facts,” ask for hard data, not anecdotes; don’t let them fool you by picking out an odd ball jury verdict that is later reversed on appeal. You will find that in Michigan, while our economy caves, the insurance companies are awash in profits. Blue Cross and Blue Shield recently tried to privatize and keep $9 Billion Dollars which they have kept in retained earnings. It’s all about their profits, and their lavish salaries, benefits and pensions. Don’t be fooled, learn from the Michigan experience.

Comments on: Health Care, Speaker Pelosi, Trial Lawyers in San Francisco

By: Frank