Who will benefit from the defeat of Prop. 46? Not hard to tell from the amounts the medical malpractice insurance companies are willing to spend. It isnt patients who are injured from medical incompetence or carelessness. Every year that the 1975 MICRA cap of $250,000 remains in place, each of the following insurance companies turns a bigger profit. Fewer lawsuits make sense to litigate, so fewer claims are made. The payout to patients, when that does occur, costs the insurance companies less and less as the value of $250,000 has eroded to about $57,000 in 1975 dollars. Its a great scam and trial lawyers an easy target. Insurance Companies Backing No on 46 NorCal Mutual Insurance Company $11,000,000.00 The Doctors Company $10,500,000.00 Cooperative of American Physicians $10,161,489.04 Kaiser Foundation Health Plan $ 5,000,000.00 Medical Insurance Exchange of CA $ 5,000,000.00 The Dentists Insurance Company $ 1,620,000.00 The Mutual Risk Retention Group $ 1,000,000.00 Only about 30 cents of every premium dollar is spent to compensate victims of preventable medical errors. Thats about half what auto insurers and homeowners insurance policies pay. Please dont be conned by the insurance companies. Vote YES on Proposition 46 and feel free to share this post with your Facebook friends.
Posted on: Mon, 03 Nov 2014 17:52:56 +0000
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