Gov. Scott Walker is doing it for his kids, for the greater good of society and for all those who can’t pay a few dollars more a year. What a humanitarian!
At first I was against the mandate, thinking Democrats were in the back pocket of the insurance industry, but just a little research changed my mind in a big way.
But besides supposedly “saving” money on your next renewal, what else did the Republicans add to their bill to repealed the insurance mandate on consumers? A phony promise:
jsonline: Walker said at a Capitol bill-signing, “Repealing this anti-consumer mandate is good for middle class Wisconsinites and small businesses and I am proud to sign its repeal and replacement … I also thank the Independent Insurance Agents of Wisconsin for providing important testimony that described the severe impact last session’s insurance law changes had on consumers. This is one more step toward empowering consumers across the state of Wisconsin,"
But it does just the opposite, taking insurers off the hook for larger accident payouts:
1. The repeal measure would ban "stacking" of coverage, in which drivers could use coverage from up to three of their vehicles to help pay costs from an accident involving just one of the vehicles.
2. It also includes a provision that would allow insurers to insert clauses into their policies that could lower the amount drivers collect when they are hit by underinsured drivers.
Wow, that is business friendly....I mean...consumer empowerment. Oh, mom, dad, you’re going to love thinking about this when your kid finally shows you their first drivers license:
The measure also would allow insurers to put drivers buying insurance for the first time into a high-risk category, allowing them to charge higher premiums.
Thank you Gov. Walker!!!! You've made the insurance industry so happpppyyy!
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