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TexasTowelie

(111,938 posts)
Wed Jan 25, 2012, 04:02 PM Jan 2012

Still waiting on tort reform savings

Texas may not have been the first state to welcome tort reforms but I can’t imagine anyone embracing it with such wild enthusiasm as Texans over the past 20 years or so.

It was never hard to sell to the public because of all the promises of savings on insurance premiums touted by tort reform proponents, proving once again that everyone votes in their own self-interest when they pull the voting booth curtain.

During his failed presidential bid, Texas Gov. Rick Perry perpetuated the myth that implementing Texas-style tort reforms would go a long way toward curing what’s wrong with the healthcare system. Perry was polling at 1 percent going into the South Carolina primary.

<<snip>>

In some cases, tort reforms have had the desired impact on Texas’ litigious business climate. As for when savings on insurance premiums will finally trickle down to the average working family, we could be in for a long, long wait.

http://www.hendersondailynews.com/opinion/still-waiting-on-tort-reform-savings/article_d26479d8-45cb-11e1-8d4e-0019bb2963f4.html

[font color=green size=1]Where is the proof that the trickle down theory ever worked?[/font]

3 replies = new reply since forum marked as read
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Still waiting on tort reform savings (Original Post) TexasTowelie Jan 2012 OP
Insurance is going to be so cheap white cloud Jan 2012 #1
LOL! TexasTowelie Jan 2012 #2
That was a costly white cloud Jan 2012 #3

white cloud

(2,567 posts)
1. Insurance is going to be so cheap
Wed Jan 25, 2012, 04:35 PM
Jan 2012

they are going to start giving it away if we only pass tort reform...cricket

TexasTowelie

(111,938 posts)
2. LOL!
Wed Jan 25, 2012, 05:03 PM
Jan 2012

BTW, I was the lead statistician for the tort reform project at the Texas Department of Insurance from 1988 through 2000. The net effect if all the suggestions had been implemented into law was about a 3% reduction in premiums; meanwhile, the rights of people that were seriously injured were extremely curtailed. Talk about smoke being blown up the wazoo.

white cloud

(2,567 posts)
3. That was a costly
Thu Jan 26, 2012, 02:55 PM
Jan 2012

3%.

Raking the public or the coal and they wonder why we need Obama care. LOL

Insurance has gotten so useless it should be outlawed IMO

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