The GA 153 Automobile Insurance Reform Task Force held a working session focused on medical costs as a driver of auto insurance premiums in Delaware, hearing sharply divided testimony from physicians, attorneys, insurance industry representatives, and consumer advocates on whether a PIP fee schedule modeled on workers comp or Medicare rates would meaningfully reduce premiums — with no formal action taken and the task force facing a March 10th deadline to submit its final report to the General Assembly.
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Dr. Colon stated his information showed Florida premiums 'did not go down,' that filings of legal/negligence cases 'actually went up by 40%,' and there was 'no meaningful drop in the medical severity' following reform. Nancy directly contradicted this, offering to send 'the press release from the Bureau of Insurance talking about the big reduction in rates that have been occurring in the state' and stating 'yes, there was a big reduction in premiums' and that '17 new insurance companies' entered the Florida market after reforms.
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“Attempting to get premiums reduced by reducing medical fees is kind of like, it's kind of like turning a light off in your house to save energy when your windows are open, your air conditioner is running in the middle of summer. It's just not, it's not the cost driver.”
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Sign in to subscribeThis meeting is being recorded. Hi, Brandon. Yes. How's it going? Hey. Good. Lee Dotson. Just checking to make sure the audio is working. Yep, it's working. Cool. I'll mute myself now. Thank you. Absolutely. We're just going to give it a few more minutes. Sure. Everyone enjoyed the weather. Might ask some of our medical providers provide some tips for shoulders and backs post shoveling. For those of us who do not have a snow blower but will be going out to buy one in the near future, I can give you the phone number. 302. Yes. Is that for buying a snowblower or for your office? I wasn't sure I was gonna. I was starting with my office, but I think I need myself right now after what I just did. I think the hardest thing about it is it's not you try and shovel it. It's not snow. It's like an arctic cap melted and the ice flow came down here. They're so heavy to lift. Oh, they were more like chunks of ice rather than snow. So, yes, I predict you'll keep that cell phone handy. It's going to be ringing. Senator, I was just going…
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