In view of Dubya’s ill informed comments during the second debate, we should send a copy of this article to him, particularly the comments by Mr. Hunter, a former Texas Insurance Commissioner.
It’s amazing how little the consumer advocates understand insurance economics. Investment returns subsidize insurance premiums. When those returns decrease, so does the subsidy. If the consumer groups believe that med-mal should be priced without regard to investment income, premiums would be much higher than even today.
The entire healthcare industry is ill. Until all the stakeholders take a comprehensive view of the problem and stop pointing fingers at each other there will be no solution.
You have to ask always what the motivator is in these studies and who benefits most from there release. You can massage statistics to make them say anything you want. There is a problem with health care costs in this country and med mal verdicts are part of the problem. There is something wrong when having a Stint put in an artery on your heart, a procedure that takes less than an hour, costs $55,000.
So, the physician owned carriers, which control the majority of the market, are gouging their owners!!! The conclusion of this study is just plain stupid.
Robert Hunter was a wild eyed liberal appointed by Ann Richards, and he still is! The timing of his report reflects his selection for President. Regulate prices sounds like a government program made for Kerry-Edwards.
I could not agree more with Mr. Gordon!
People, we have serious problems with litigation issues in this country. “Tort reform” is an absolute necessity. The new trend will be Personal Injury-Plaintiff Lawyers digging premium holes for themselves at a more aggressive rate than med mal premium for neurosurgeons. Wow, the result: Crisis in 2 markets!
Mr. Hunter has been anti-insurance his entire life. He is again demonstrating his naiete about the real working of the industry by completely ignoring the forces of the reinsurance market.
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In view of Dubya’s ill informed comments during the second debate, we should send a copy of this article to him, particularly the comments by Mr. Hunter, a former Texas Insurance Commissioner.
It’s amazing how little the consumer advocates understand insurance economics. Investment returns subsidize insurance premiums. When those returns decrease, so does the subsidy. If the consumer groups believe that med-mal should be priced without regard to investment income, premiums would be much higher than even today.
This is exactly the data that Kerry and Edwards must incorporate in their speeches; no more siding with “tort reform”, please!
The entire healthcare industry is ill. Until all the stakeholders take a comprehensive view of the problem and stop pointing fingers at each other there will be no solution.
Years of data and statistics posted at the Texas State Board of Medical Examiners fully support the findings of Robert Hunter.
MAC
You have to ask always what the motivator is in these studies and who benefits most from there release. You can massage statistics to make them say anything you want. There is a problem with health care costs in this country and med mal verdicts are part of the problem. There is something wrong when having a Stint put in an artery on your heart, a procedure that takes less than an hour, costs $55,000.
So, the physician owned carriers, which control the majority of the market, are gouging their owners!!! The conclusion of this study is just plain stupid.
Robert Hunter was a wild eyed liberal appointed by Ann Richards, and he still is! The timing of his report reflects his selection for President. Regulate prices sounds like a government program made for Kerry-Edwards.
I could not agree more with Mr. Gordon!
People, we have serious problems with litigation issues in this country. “Tort reform” is an absolute necessity. The new trend will be Personal Injury-Plaintiff Lawyers digging premium holes for themselves at a more aggressive rate than med mal premium for neurosurgeons. Wow, the result: Crisis in 2 markets!
Mr. Hunter has been anti-insurance his entire life. He is again demonstrating his naiete about the real working of the industry by completely ignoring the forces of the reinsurance market.