Today, in response to Brian Kemp signing his giveaway to insurance corporations into law, DPG Interim Chair Matthew Wilson released the following statement:
“Congratulations to Brian Kemp for threatening and arm-twisting his way to the signing of his number one priority this year: shielding insurance companies from accountability to Georgians in court,” said DPG Interim Chair Matthew Wilson. “Georgians won’t forget that instead of helping rural hospitals stay afloat, expanding Medicaid to cover half a million Georgians, or fully funding our public schools, Kemp went to bat for corporate profits instead of people.”
Four decades of data compiled by NYU’s Center for Justice and Democracy have disproven Kemp’s claim that tort reform would lower premiums as “insurance premiums ‘do not fall in parallel with costs’ [and] caps lead to ‘sustained supranormal profits.’” Two years after the Florida legislature passed a similar tort reform to make it harder to sue insurance companies, lawmakers are investigating major insurance companies over evidence that they were posting record profits while claiming losses that they needed tort reform to mitigate.
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