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post #1 of 3 (permalink) Old 04-30-02, 08:43 AM Thread Starter
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Join Date: Oct 2001
Location: sydney
Posts: 1,442
Question Health Insurance demise

I'd like to know how do you think of it. Anybody worried at all???
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post #2 of 3 (permalink) Old 04-30-02, 09:34 AM
Join Date: Feb 2001
Location: Bibra Lake Western Australia
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Not at all; there are alternate insurers and I am not in the process of litigating against a medico. If I was sueing a doctor I would think they (doctors) would be a group with relatively deep pockets and ability ro pay from their own resources. Ok I might feel for a Dr bankrupted by an innocent mistake but if they were proved liable how innocent are they?

Of course this is an off the cuff and perhaps naive answer from someone who has no intimate involvement or particular interest in the issue. Ask me a Ford related question and I will be more informed in my response

Regards Blue
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post #3 of 3 (permalink) Old 04-30-02, 06:13 PM
Join Date: Sep 2001
Location: Sydney, Oz
Age: 36
Posts: 2,631
it is not a good situation. aussieblue, yes, some doctors are quite cashed up but i think most of them would go bankrupt if they had to pay someone $5,000,000

the whole insurance thing scares me (including public liability insurance). i think insurers have to realise that you can't ALWAYS make a profit when you're in the business of insuring property against accidents. they understand the nature of the business and have to accept that some years there will be more claims than in other years. i don't think we are heading in the right direction with insurance - the gov't will have to step in eventually, or our already sky-high premiums will go up even more.

do you guys remember that case from a few months ago where an obstetrician got sued by a young woman who got brain damage at birth? well, that bloke used to practice in a medical centre where i worked so i knew him reasonably well. sure he drove a porsche and owned a fancy house but there is no chance in hell he could have paid the money out of his own pocket. he would have gone bankrupt. these guys NEED insurance

<p align="center"> *** just because it sells it doesn't mean it's good *** </p>
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