Friday, May 25, 2012

Would Universal Health Care Make Auto Insurance Cheaper?

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Tuesday, October 27, 2009, 0:53
This news item was posted in Medical Information category and has 11 Comments so far.

Seeing as how such a huge portion of auto insurance costs go into medical care for accident injuries, would having UHC lower auto insurance premiums?

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11 Responses to “Would Universal Health Care Make Auto Insurance Cheaper?”

  1. tim d said on Tuesday, October 27, 2009, 7:09

    Probably, because under the current administration, you’ll be required to drive some small, electric, environmentally friendly, piece of junk, that if you do crash you probably wont get hurt too bad.

  2. Mysterious Racer P said on Tuesday, October 27, 2009, 8:22

    In theory yes, because now the healthcare costs would be covered by the state, and not the insurance companies.
    If the insurance company no longer runs the risk of having to dole out hundreds of thousands of dollars in medical bills and the very real possibility of paying out even more for a lawsuit – one of my friends tapped a guy at 10mph, and a year later, her insurance got sued for $250k for his horrendous emotional, physical, and psychological distress. They ultimately settled for $30k, because they didn’t want to risk losing more in court.
    If insurance companies didn’t have to shell out hundreds of thousands in healthcare costs, then your monthly premium would, theoretically, go down as a result. However, I doubt they would lower it voluntarily; we’re used to paying $50-350/mo for insurance, and so they’d still charge you that if they could get away with it. Their profit margins would skyrocket.

  3. Boss H said on Tuesday, October 27, 2009, 14:50

    Probably yes.
    It may not make it cheaper, but it would definitely slow the rising costs.
    Rising costs of medical care is related to the huge sums of lossses suffered by the companies that provide health care, when Americans fiel bankruptcy after being unable to pay their bills.
    The calculate the costs of providing that service, and if they suffered losses, they must increase the price to compensate on you, I, and our insurance companies.
    Insurance companies then do the same thing on you and I.
    If you prevent the losses, then you hopefullly prevent the problem.
    But then of course, the health care compnaies might just look at it as extra profit and keep raising prices anyway. So its a thing that would have to be tried to see if it will work as planned.

  4. u_bin_ca said on Tuesday, October 27, 2009, 18:47

    I’ve been to and worked in about seven different countries with UHC and the auto insurance ranges broadly from “a lot more expensive” to “a little less expensive.”
    However, the fees associated with auto ownership in all those countries are considerably higher (licensing, registration, environmental fees, parking permits, etc. etc.) as are taxes….The more the government covers, the bigger chunk is paid by the citizen.

  5. KJ said on Tuesday, October 27, 2009, 22:27

    Well, instead of the companies paying all this money for healthcare, you & me would start paying all this money for healthcare!! Which one sounds better? Some fat, doughnut eating slob who doesn’t take care of his body will use all our money so that when we need it it will not be there to save us. Health savings plans are a great idea. Obama wants to take wealth from Americans and redistribute it, one way or the other!! God help us… and thank God my faith is not in Mr. Obama!

  6. Killer Queen said on Wednesday, October 28, 2009, 0:42

    No, I imagine they would leave them the same but possibly have to pay the gov’t a cut. If you are hoping this would be an argument for UHC, it won’t work. No one wants it but those who don’t work or they work at McDonald’s.

  7. Anonymous said on Wednesday, October 28, 2009, 7:19

    Are you kidding?
    It is the era of lawyers, and lawsuits are more rampant that ever.
    My auto insurance is a lot less than my health, which I am glad to have, fortunate even.

  8. A. Popa said on Wednesday, October 28, 2009, 9:33

    Get an auto insurance quote here: http://dominatingonline.com/auto-insuran…

  9. Shovel Ready said on Wednesday, October 28, 2009, 12:52

    If you read your auto insurance statement, you will discover that coverage for medical payments is a very small part of the bill.

  10. Bobbi said on Wednesday, October 28, 2009, 15:55

    Maybe we can have ………….. Universal Car Insurance, since many people cannot afford car insurance.

  11. Water_Re said on Wednesday, October 28, 2009, 19:32

    Probably. I think However permanent injuries you would still be liable for.

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