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Articles Tagged with insurance

insurance-3113180_1920-300x200The president recently got himself into hot water with insurance companies when he spoke about the need for insurers to make good and pay up on claims for business interruption losses in the wake of COVID-19.

In a coronavirus briefing, the president went on the offensive, criticizing insurers for denying claims by businesses that have been paying premiums for decades:

“Business interruption insurance . . . when I was in private, I had business interruption . . . When my business was interrupted through a hurricane or whatever it may be . . . if I had it [business interruption insurance], I’d expect to be paid.  You have people — I speak mostly to the restauranteurs, where they have a restaurant, they’ve been paying for 25, 30, 35 years — business interruption.  They’ve never needed it.  All of a sudden, they need it.  And I’m very good at reading language . . . And I don’t see the word ‘pandemic’ mentioned [in the policies] . . . I would like to see the insurance companies pay if they need to pay, if it’s fair. . . But business interruption insurance, that’s getting a lot of money to a lot of people.  And they’ve been paying for years . . .  they’ve been paying a lot of money for a lot of years for the privilege of having it.  And then when they finally need it, the insurance company says, ‘We’re not going to give it.’ We can’t let that happen.”

The politicians that we send to Washington enjoy the greatest healthcare in the world. If they or their spouses or kids get sick, they have immediate access to the finest doctors and hospitals, and the best and most advanced medicines, treatments, and therapies. They will never have to worry that someone in the family might die from an illness that their insurance doesn’t cover, or that they won’t be able to make their mortgage payments or send their kids to college because they had to use the money instead to pay for medical care.

Who pays for this extraordinary medical care– and peace of mind–you might wonder?

You and I do, of course. We (the taxpayers) pay for 72% of the insurance premiums that secure this coverage. We also pay for the special tax breaks that our elected representatives get-and no one else in the country gets-that make it much easier for them to purchase dental or vision insurance, and the free care they get-but no one else in the country gets– at medical facilities in Washington DC, and at military hospitals.

Whether it be in a car accident, slip and fall, construction accident, or any other incident where you are injured and it is not your fault, your number one concern should be getting better. Sadly, for many folks, a close second to that concern is, “without health insurance, what do I do about my medical bills?” The purpose of personal injury claims, whether they be injury lawsuits in court or claims settled through insurance companies, is to get full compensation for the victim — including payment of medical bills. What many injured people do not realize is that from the time you are injured until the time your claim is resolved, those medical bills need to be dealt with. A good personal injury attorney can help you with that process. Whether it be getting payment plans set up, getting the bills deferred, managing liens that may be filed, or uncovering medical payment coverage you never knew you had, an attorney is your best resource for getting medical bills not only potentially paid at the close of a matter but also managed throughout the process. Personal injury attorneys are skilled at finding available insurance coverage and resolving medical liens, which can mean not only smaller bills but also fewer headaches in getting those bills resolved. If you are injured and it is not your fault, contact an experienced personal injury attorney as soon as possible so you know what your rights are. Trying to navigate things like medpay coverage, medical liens, lien reductions, the common fund doctrine, and other matters related to medical expenses is extremely difficult for someone who is not experienced in these matters. Do not shortchange yourself with something as important as getting better and getting full compensation for your injuries.

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