Wednesday, March 24, 2010

Will ObamaCare Destroy Other Forms of Insurance in America?

The American Thinker reports:
Who really knows what lies in store for health insurance companies? On a broader issue, who knows what lies in store for the insurance industry generally ; certainly the CBO has not weighed-in on that question. Hence, this writer would like to hear answers from knowledgeable people to the following questions.

States require that car owners purchase liability insurance. (A big selling point for the Obama crowd.) A small part of this premium covers such things as damage to other people's property, but the bulk of it is to cover personal injury expenses. If the government covers (ultimately) all medical costs, what will happen to auto insurance? Can we expect to dispense with auto insurance in the future, or will Washington have a steroid-enlarged right of subrogation so that our auto premiums will increase?

What happens to worker's compensation premiums (especially for union members)? Will employers be relieved of this responsibility?

What about a corporation's comprehensive general liability (CGL) premiums? How much of this cost, depending on the business, is tied to personal injury stemming from motor vehicle accidents (see above)?
Will ObamaCare cause you to pay more for other types of insurance?