Saturday, July 17, 2010
Can't Buy Me Love
Unless, of course, you're the Michigan State Supreme Court, the best that corporate money can buy.
In yet another defeat for the working people of Michigan, the state Supreme Court sided with the insurance companies (surprise, surprise), and said it was perfectly fine to base car insurance rates on credit score history. So...if you've never had an accident, but accidentally missed a credit card payment...you pay more. As stated by Butch Hollowell, this is about nothing more than insurance industry greed (Michigan insurance companies are the most profitable in the nation--little surprise, as I pay twice here in Detroit what I paid in St. Louis, with the same driving record and an excellent credit history).
Why do I note this? It was a Democratic administration that enacted the ban against using credit history in an effort to save consumers money. It was the three justices elected byDemocrats who dissented because the evidence that credit history reflects on insurance claims was inconslusive. And the people of Michigan want to put the Republicans back in charge? Good fucking luck with that--you're just screwing yourselves and giving corporations even more control over your lives and your bank account.
And for those suggesting the way to lower insurance premiums for Michigan residents would be to lower the amount of personal injury coverage--are you people out of your fucking minds? As healthcare costs continue to skyrocket it would be a good idea to decrease coverage? And anybody who thinks we'd see rate decreases is either incredibly naive or incredibly stupid. All that would happen is Michigan insurers would get even more profitable at our expense.
Shout Out to the Tea Party: Here's your voice of reason, the Detroit News, fully supportive of corporations gouging you to pad their profits. Free market my ass--it's the rich looking out for the rich....
Peace,
emaycee
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