Texas
Related: About this forumStill waiting on tort reform savings
Texas may not have been the first state to welcome tort reforms but I cant 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 whats wrong with the healthcare system. Perry was polling at 1 percent going into the South Carolina primary.
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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]
white cloud
(2,567 posts)they are going to start giving it away if we only pass tort reform...cricket
TexasTowelie
(111,938 posts)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%.
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