Auto insurance bonanza … Not for car crash victims, but for the insurers’ doctors who examine them
BY ALAN SHANOFF, TORONTO
SUN
Ed: How long can Kathleen Wynne and
Charles Sousa pretend there is nothing wrong with the auto insurance industry
in Ontario – with exorbitant and usurious insurance rates and obscene profits
(the insurance industry pockets 61-cents of every dollar taken in)? Add to
these the legal debts incurred while trying to collect on legitimate claims.
The whole thing stinks to high heaven, and yet Wynne and Sousa go blithely on
pretending there is nothing wrong in the Kingdom of Chaos.
Read on…
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ORONTO - The Ontario Health Claims Database, August
2014 Report, was issued earlier this month.
It discloses data for auto insurance health claims expenses
for six-month reporting periods, beginning January 1, 2011 and ending June 30,
2014.
It will be interesting to see how the insurance industry
explains the inconvenient numbers and statistics disclosed in the Report.
Perhaps the most alarming statistic relates to the number and
cost of insurer-initiated medical examinations (IMEs).
These are the so-called independent examinations insurance
companies force accident victims to take.
Victims have long complained about the number of examinations
they are required to attend as well as the quality of the examinations and
examiners.
In 2011, insurers spent $132,950,124 on these IMEs.
They spent $453,923,425 on all health claims expenses,
meaning insurers gave their medical experts 29.3 cents out of every dollar they
spent on health claims expenses.
They ordered IMEs for 26,957 of 59,080 claimants, almost one
out of of every two claimants.
They paid an average of $4,930 per claimant examined to their
medical experts.
Yet the total average amount paid per claimant, including
payment for treatment, was $7,683.
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