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Best & Anderson, P.A.

Thursday, February 14, 2008

Medical care for auto victims continues to rise

The Insurance Research Council, (IRC), reports that the cost increase for medical care in auto accidents continues to exceed the inflation for healthcare as a whole. While medical care inflation was 4% for 2007, the increase for claimants under PIP was 8%. A spokesperson for the IRC claims that this discrepancy could be the result of cost shifting from other areas where providers could be facing more cost pressure. Insurance rates, which have been stable for the last several years, could be adversely affected if PIP medical claims continue to inch up.

posted by Javier at 12:33 PM

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