Friday, April 23, 2004
Proposition 12
Seven months ago, our State populous, voted for and passed, proposition 12. It passed by a very narrow margin, but pass it did.The proposition drastically reduced, and capped, allowable payouts by insurance companies in mal practice suits. The State Representative, who crafted the proposal, stated we were losing Doctors at an alarming rate because of the high cost of mal practice insurance. He went farther by saying, capping payouts would result in lower rates for Doctors, and stem the flow of medical practitioners leaving the state. Supporters of his plan, including other Legislators, the Governor, Doctors and insurance companies, spent millions on advertising selling the plan. It worked. The voters bought it. They either didn’t care, or know, of an attachment that would later put a cap on all lawsuits.
The same State Legislators and governing body, find themselves in a bit of a bind. It seems, in the seven months since voters approved Proposition 12, only one insurance carrier has agreed to reduce rates. The others have tried to raise them. The insurance companies are reporting the highest profits since 1997. The author of the bill and constitutional amendment said, “ Some of us put ourselves way out on the line for our Doctors, Profits for the companies is not what we intended”.
I am a borderline idiot, and I could see it coming. I wonder why they couldn’t.
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The same State Legislators and governing body, find themselves in a bit of a bind. It seems, in the seven months since voters approved Proposition 12, only one insurance carrier has agreed to reduce rates. The others have tried to raise them. The insurance companies are reporting the highest profits since 1997. The author of the bill and constitutional amendment said, “ Some of us put ourselves way out on the line for our Doctors, Profits for the companies is not what we intended”.
I am a borderline idiot, and I could see it coming. I wonder why they couldn’t.