Insurance: Politics at Fault

It might seem impossible for anyone to devise an auto-insurance plan more fouled up than the one now actually in effect in the U.S. Under the present system, drivers pay high premiums, insurers incur heavy losses, and the nation's accident victims recover only about a fifth of the $5.1 billion a year in medical expenses, loss of income and other tangible damage that they suffer. Massachusetts politicians, however, have almost succeeded in producing something even worse. They have taken a highly promising plan for reform and turned it into a hash that, unless quickly amended, could prevent many Bay...

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