|
(MoneyNewsWire.Net, April 24, 2014 ) Greenville, SC -- People shopping for car insurance and who may have been having a hard time in being able to find affordable car insurance now may be given an additional reason to embrace Obamacare. The affordable care act that went in to effect in the year 2013 has now rendered a new benefit that was not given widespread attention and that is how much it will now drop the price of auto insurance. At Forbes website It has an article that states: "Though the health law doesn't cover cars or workers compensation, new analysis by RAND Corporation indicates it may help car owners and businesses with workers' compensation coverage because those premiums sometimes go toward treating people's injuries, particularly those without medical coverage." The liability portion of all car insurance serves the capacity in one of its functions to help pay for any incidental medical bills that may occur. So with premiums in the affordable care act being more robust it will help to address the medical coverage of liability insurance and that in turn will help to reduce the price of the liability coverage portion of the auto insurance industry.
At the Rand Corporation website they outline how the Affordable Care Act could possible impact Auto Insurance through five mechanisms which are the following listed at their site: "Patients might less frequently use liability insurance to obtain treatment for unrelated health problems that health insurance would otherwise treat. Liability payments could decrease in states that limit awards based on payments from collateral sources. In states that do not limit the collateral source effect, liability claims could increase if health insurance pays at the time the care is provided. Medicare rates, which form the basis for many liability payments, are reduced under the new reforms, and those reductions are likely to spill over into private rates. Insured individuals have more contacts with physicians, make more visits, and receive more procedures, so they are more likely than others to file medical malpractice claims." There are other factors being examined about this process and as the report from Forbes informs that there could be as much as a 5% reduction in premiums, it is a benefit that will be available for all citizens of the United States. To find out more about affordable car premiums visit the following site: http://upstate411.com/affordable_car_insurance
About Upstate 411:
Upstate 411 is a marketing and information company. It is located in Greenville, SC and provides Web design, SEO, Social Media Management, Branding & Reputation Management Services for businesses local and abroad. Visit us on Google Plus https://plus.google.com/+Upstate411
Upstate 411
Mr. A Tillman
864-438-5973
support@upstate411.com
Source: EmailWire.Com 
|
