Rep. Armey offer is Bill Cutting the cost of auto insurance
Representative Dick Armey, majority leader of the house, he said today the legislation on the net reduction in costs of insurance automatically motorists the option of filing the lid of the pain and suffering that results of accidents.
The initiative is both an unusual movement of Mr. Armey, a Texas Republican, has sponsored, only two other bills during his tenure, and a big lift for the supporters of the option, under the name of automatic selection, we must prove that the political traction.
”The train is finally leaving the station,’’said Michael Horowitz, director of the Hudson Institute’s Project for Civil Justice Reform.
The Senate Commerce Committee hearings is scheduled for a parallel bill sponsored by two Democrats, Senators Daniel Patrick Moynihan of New York and Joseph I. Lieberman of Connecticut, with three Republicans, Senators Mitch McConnell of Kentucky, Rod Grams of Minnesota and Slade Gorton of Washington.
Trial lawyers have already expressed their refusal of adoption, as some consumer groups. ”It would be difficult to nothing for the wounded,’’says Bob Hunter, director of insurance for the Consumer Federation of America. Consumer associations are also claims that the automatic selection would be unfair because it would be access to justice on the basis of a driver’s ability to pay additional premiums.
But supporters say that the automatic selection, incentives for fraud and increase victims prospects for compensation for actual economic losses, even when cutting premiums averaged $ 243 per year each driver, or $ 45 billion in Germany.
”It’s like a tax reduction for low-and middle-income Americans,’’said Armey called estimates, the RAND Corporation, the Institute for Civil Justice show that the savings would be greater pilots urban.
Auto-selection was indigenous to the frustration of failure of systems of insurance, introduced in 1970’s, escalating insurance costs. In the approach is not a mistake, was almost half the country (including New York and New Jersey), injured in car accidents are entitled to health care and lost wages on his own insurance companies, regardless fault. The victims have complained for pain and suffering only if their losses exceed a threshold, often by their doctor bills.
But non-rejection has done little to insurance costs, which rose by 150 percent in 1980, despite the decline in the number of accidents. Indeed, it seems that there are not two levels of increased costs by creating incentives on the eve of the doctor’s fees, in order to facilitate access to justice. If Massachusetts has increased its threshold to $ 2000 for the year 1989, the median number of visits to the doctor because of the violation of victims has increased from 13 to 30
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