Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

How Medicaid Expansion can reduce Auto Insurance Premiums

Market Insanity

How Medicaid Expansion can Lower Your Car Insurance Premium

Medicaid expansion will not eliminate every medical bill after an accident but it will reduce them. With Medicaid available many people will opt out of the hassle of filing insurance claims. Others will be less likely to fight insurance companies or dispute rejected claims.
Persons with Medicaid will be more likely to go to cheaper public hospitals and clinics that take it. That could reduce medical bills. Medicaid can drive down healthcare costs by mandating lower prices. Medicaid provides a steady stream of revenue that reduces the pressure on hospitals or clinics to raise rates.
A person whose medical bills are being paid by Medicaid will be less likely to call a personal injury attorney. Somebody who is not receiving collection notices from the hospital will be less likely to sue you.

Read More