Reply #32: But the insurance rates are not high because of settlements... [View All]

...it's because the insurance companies are criminals, essentially, jacking the prices on insurance that people MUST have in order to do their jobs, drive a car, stay healthy.

Notice how term life insurance is CHEAPER than it's ever been? Partly due to competition, but also because few people are REQUIRED to have term life insurance.

In states where settlements were capped, the malpractice insurance rates were NO LOWER than in other states where settlements were not capped. Also, doctors who have been sued for malpractice tend to be bad doctors who have been sued MULTIPLE times. Of course, these bad apples are used as a justification to raise EVERYONE'S rates.

The insurance companies got creamed when the stock market tanked last time, so they're making it up on the backs of policy holders. Insurance companies have a license to steal and are among the worst, most predatory types of businesses in the world.