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Thread: So here we go ; fun and games stops today.....

  1. Join Date
    Jan 2009
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    223

    So here we go ; fun and games stops today.....

    Today the insurance industry is turning their big guns on Obama since they are unhappy with his proposals on health care reform. The "it will cost more or we will have to take our toys and go home" scenario.

    If he buckles on this it will spell doom to collision repair existing outside the business of insurance. And to Obama's efforts in health care and probably everywhere else.

  2. Join Date
    May 2009
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    22

    the debacle...

    I am just glad this whole INSURANCE reform is almost rammed down our unwilling throats. Maybe they can move on to some much needed HEALTHCARE reform next. As far as the insurer opposition....i think its nothing but controlled opposition to appease the people. I've never heard of an insurance company being upset because they ALL (being the key word) have to raise their rates.

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  4. Join Date
    Jan 2009
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    Joplin MOzzuri
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    The pot is brewing regarding removing the antitrust exemption for insurers.

    If enacted, the change would put an end to "price-fixing, bid-rigging and market allocation in the health and medical malpractice" insurance areas, said Sen. Patrick Leahy, D-Vt., chairman of the Senate Judiciary Committee. Leahy said he would seek a vote on the plan when the Senate debates health care legislation in the next few weeks.

    http://news.yahoo.com/s/ap/20091021/..._care_overhaul
    If you can't find the time to do it right, how will you ever find the time to do it over?

  5. Join Date
    Jan 2009
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    Southaven, Mississippi
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    "Prevailing Rate".....

    and "usual and customary" are both insurance terms for "price fixing".

  6. Join Date
    Jan 2009
    Posts
    223

    the insurance companies have moved from the rhetoric

    of, pricing is based on the market; competition sets the price, to it's our way or nothing.

    *Blacks: per se rule: Antitrust. The judicial principle that a trade practice violates the Sherman Act simply if the practice is a restraint of trade, regardless of whether it actually harms anyone. Per se violation:Antitrust. A trade practice (such as price fixing) that is considered inherently anticompetitive and injurious to the public without any need to determine whether it has actually harmed market competition. Price Fixing: Antitrust. The artificial setting or maintenance of prices at a certain level, contrary to the workings of the free market.

    Conspiracy: An agreement by two or more persons to commit an unlawful act; a combination for an unlawful purpose.

    I would think that a policy that says "we pay based on our estimate or an estimate we approve" can only be constured to mean one thing. Or if an insurer says "we pay from our estimate and no, we don't recognize the repairers estimate"........

    PS Timing and being ready to exploit it, is everything......

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