GEICOBAMACARE? How ACA Could Save You Money On Car Insurance

[DonViejo]

DYLAN SCOTT – APRIL 9, 2014, 6:00 AM EDT

The ancillary effects of Obamacare will take years to mete out. But a study released Wednesday has taken a stab at some of them, particularly other forms of insurance. Its conclusion? Expanding health insurance coverage might drive down the costs of auto insurance.

RAND Corp, a non-profit think tank, released the study estimating how Obamacare would influence car insurance, workers' compensation claims and medical malpractice suits. For the first two, it projects a decrease in liability costs, which could in turn lead to lower costs for consumers. For the latter, the analysts anticipate an increase in costs.

"Ultimately, any cost changes experienced by insurance companies could be passed on to consumers through changes in premiums and coverage options," the group wrote in a summary of its findings.

For both first-party (1.4 percent) and third-party (1.7 percent) car insurance, RAND projected a decrease in liability costs. Workers' compensation costs are also estimated to decline by 1.4 percent.

more
http://talkingpointsmemo.com/livewire/obamacare-car-insurance

[area51]

1. The operative words are "could be" regarding cost savings being passed down.

This is America, tho, and I think it's unlikely to happen. Also what you mention leaves out that GingrichCare won't cover everyone, so there isn't that much incentive to lower car insurance costs.

[clandestiny]

2. I agree. Very little savings is ever passed down to conned sumers. The debt however

is always passed on to us.