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Ralph Klein has gone and it is time to retire Ralph's World. Thanks to all of you who have supported this venture by contributing material and through your comments. It has been fun.
Should we get another blog underway? Let me know your thoughts by e-mailing me at johnnyslow@gmail.com.
John Slow
January 1, 2007
Thursday, October 23, 2003
Public Insurance Makes Sense say Alberta Liberals and NDP
Both of the opposition parties have come out in favour of a public insurance plan to give Albertans relief from the huge increase in auto Insurance costs this year. And is it any wonder? Just look at the Alberta rates as provides by Stats Canada. Alberta sports a 50.1% increase, by far the highest in Canada. Note also the comparisons between jurisdictions which have public insurance schemes vs. those with private schemes. Looks like a pretty good case for public insurance.
The Tories would also do well to abandon their right-wing ideology for a change and implement a public insurance plan that benefits the consumers instead of the insurance companies. The Automobile Insurance Reform Implementation Team led by Tory MLA Rob Renner is suggesting a $4000 cap for soft tissue injuries will reduce rates but the cost will be borne by the unfortunate consumers who happens to suffer soft tissue injuries. The insurance companies lower take on premiums collected will be about equally offset by their reduced payout. Their profits will stay the same. Have a look at who is on this team and see if you can figure out why their recommendations don't impact insurance companies profits.
Have a look at this in-depth article done by the CBC called Insurance: rising rates and risks.
Then go have a look at the Alberta Liberals Public Insurance Proposal and the NDP Plan. The Public Insurance Plan approach just makes common sense.
