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I'm glad Mark over at the Bluegrass Report keeps up with lots of things. He had a number of great things today:
One thing that really caught my attention was the Washington Post story discussing malpractice insurance companies lying to state regulators about they're losses due to malpractice suits.
The insurance industry has long argued that huge losses from malpractice suits -- now running more than $7 billion a year -- have forced it to hike malpractice premiums, which more than doubled last year in some cities and for some specialties.
So what have we learned here boys and girls? We've learned that the insurance companies are LYING and they're making buddy buddy with people like Senate President David Williams who, every year, introduces SB1. This is is medical malpractice bill.
Last winter when I covered the state legislature, I had a chance to observe the senate. While the Republicans kept yelling the Dems were being bought off by the trial attorneys, the Dems failed to go after the Republicans for the teaming with the big insurance companies for bank rolling this mess.
I have no problem with insurance companies basing their rates on the market but don't lie to us about saying it's from lawsuits. There is absolutely no correlation between the malpractice insurance rates and the malpractice suits. Seems strange ... but it's true.
posted by Stithmeister @ 12:06 AM
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I'm currently working in the telecomm industry but one of my passions is still politics.
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