Hold on, there are some real cost controls in this bill.
Eight years of decreasing rates - required rate control [[this is a great line to cross when dealing with insurers)
Prior approval - now insurers have to have rates approved before putting them into the market. Now they could be stopped
Choice - now you can pick 50K medical coverage and get a cheaper policy
Medical payment rates - now medical providers can't charge 5 times what they normally do to insurers. They can charge 200-250% of medicare rates
Enforcement - directly focusing on insurers not paying for claims
I hate to say it but those people out of work from this law change shouldn't of been creating an industry relying on a cash cow called car insurance in MI. There are "medical clinics" that are only built to charge $1200 for a back brace that sells for $95 at Walmart. Or $4K for an MRI that is $400 at a normal spot.
This bill has a ton of good in it buts its not perfect of course.
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