[Vision2020] A Pledge to real Americans (Mikey Moore)

[Tony]

Andreas, are you taking the position that ridiculously outlandish, cash 
judgments have not driven up the cost of insurance coverage for the general 
public?

-T
----- Original Message ----- 
From: "Andreas Schou" <ophite at gmail.com>
To: "Tony" <tonytime at clearwire.net>
Cc: "Tom Hansen" <thansen at moscow.com>; <vision2020 at moscow.com>
Sent: Wednesday, November 22, 2006 9:42 AM
Subject: Re: [Vision2020] A Pledge to real Americans (Mikey Moore)


>> 5)  And what a great idea Mikey!  Let's limit the ballooning cost of 
>> health
>> coverage by hobbling ambulance chasing attorneys with TORT REFORM!
>
> T --
>
> I hate to say this, but the ballooning cost of malpractice insurance,
> which, itself, is only a fraction of the increased cost of health
> coverage, is driven by the fact that -- when the stock market tanked
> in the early 2000s -- the insurance companies that had heavily
> invested in high-yield, high-risk stocks got utterly soaked. Since
> then, they've been trying to take their pound of flesh out of the
> consumer, since their money clearly isn't coming back out of the stock
> market in the same way that it did during the 90s tech boom.
>
> -- ACS
>
>