@maporsche,
Quote:And if it did have an effect, it would be accurate to say that TORT reform helped to drive down premiums.
There is no evidence that health insurance premiums went down in Texas, and that directly from the source which
Ican cited and linked. Now, if you mean malpractice insurance premiums--well, duh. This whole brouhaha has been about a specious claim that tort reform will reduce
health insurance premiums. And the source which Ican cited and linked stated clearly that there is no evidence that there has been any savings for Texas consumers.
Apparently, after asking me why it would not reduce health insurance premiums, and my having responded in detail, one of several things happened. Most likely, you simply didn't bother to read that. I say that out of a charitable impulse, because the other likelihoods are that you were not able to understand it, or that it completely poured through what one is perforce lead to conclude is the sieve of your mind. I prefer to think of you charitably, able to read and understand a relatively simple exposition, and possessed of sufficient mental power to retain at least the sense of the material for a few days.
Therefore, i conclude that you didn't bother to read the response. I'll not do the whole thing over again, but i do urge you to go back and read it. In simplistic terms, health insurance premiums are governed by the negotiated fee schedules between the insurer and the service provider, and have absolutely nothing to do with the costs the service provider incurs. The insurers set their highest acceptable negotiated fee (which they hope to dramatically undercut) based on their actuarial tables (which tell them who is most likely to get sick, how sick they are likely to get, and what things cost in the region for which they are negotiating) and their own company's payment histories. They don't give a rat's ass what doctors pay in liability insurance premiums.
But more important than any of this, there is a little lesson in basic capitalism which i am surprised and dismayed to learn must be given you, just as it was given to Ican. However, i have more confidence that
you will understand, that it will sink in with you. When a supplier's costs rise, he or she is very likely to pass on the cost to the customer, so long as competition isn't too cut-throat. When costs drop, the supplier is likely just to pocket the difference. This is capitalist bottom line 101 stuff here. If you really expect people to pass on their savings to you when there is no market pressure to do so, i suggest a little concrete experiment for you, and i'll clean up the language. Why don't you spit in one hand, and wish in the other, and see which one fills up first.