Tort reform hasn't had an impact in the jurisdictions where it has been enacted. As for sales across state lines, what makes you think that would improve the system? It's a great system if you love dealing with credit card companies, but not otherwise.
untrue, where states have passed tort reform on malpractice suits premiums have gone down.
allowing interstate competition will increase competition--------what happens when there is more competition? prices go down. its called supply and demand--and it works.
Tort reform was never sold on decreasing malpractice premiums as an end. That was part of the argument of why tort reform would reduce costs, which hasn't happened.
Interstate competition under the pre-ACA status quo would cost prices to go down... but mostly because of a greatly reduced quality of product. Insurance companies would just jurisdiction shop for whichever state gave them the best sweetheart deal.
Interstate competition is a Red Herring. The Companies who don't operate in certain States usually don't operate there because they don't want to.
Besides, Insurance Rates are "Area Rated".
If you live in New Yawk Shitty and are paying $5k a year for your auto insurance and your brother tells you that he's only paying 2$k a year in Albany New York where he lives.... So you jump in your car and drive to Albany and guess what? Same car, same driving record, same age and marital status...
The second they type your Zip Code into the Company Computer, the rates change to what you were paying ($5k).
It doesn't matter where you BUY the Insurance, it matters where you live, where you're domiciled and where you work.
Insurance is complicated.
And I'm not being condescending here, but trust me when I tell you..... It's too complicated....
No, not too 'complicated' it's too (what's the word I need) , it's too proprietary, too inbred, too unique, too convoluted, too --
Complicated, frankly, for the individual who hasn't spent YEARS in the Industry.
After twenty-five years in the business, I still got lost every now and then on some of the more sophisticated products.
And Health Insurance isn't all that 'sophisticated' it just changes every other week. Although I was licensed to sell it, I didn't mess with it, not worth my time.
We NEED something like obamacare, but NOT obamacare.
For one thing.... Ahh, nevermind. It's too complicated
Oh,
Tort Reform.
Tort Reform works.
It's just that dimocraps aren't nearly bright enough to understand how it works.
Very, very, very seldom will you EVER see a premium DECREASE from an Insurance Company. It's not how they role. They just don't hardly ever do it. Hardly ever. Unless the gubmint makes them. Even then..... It just very, very rarely happens
But what you do see, is a lack of big increases in Premiums where Tort Reform has been introduced.
Instead of that 10% Increase in premiums you were gonna get....? You might only get a 2% or 3% or 4% increase. Over a period of five, ten, fifteen years, that's a helluva difference.
Like I said, Insurance is complicated and.....
Nevermind
