Regarding “Time running out to end PIP,” state legislators, drivers and reporters want to know when the savings are coming from the Personal Injury Protection (PIP) reform law enacted in 2012. So do we.
PIP is a money-loser for car owners and insurance companies. According to a recent Florida Office of Insurance Regulation study, insurers pay an average of $1.15 in losses and expenses for every dollar collected. The courts aren’t helping. An amendment to the 2008 No-Fault Act permitted insurers to limit reimbursement for PIP medical expenses to twice what Medicare Part B pays. However, providers continue to charge PIP insurers as much as six times the rate and persuade the courts to OK the bills.
Subscribers get total access to this story, and all our in-depth news, digital editions and exclusive content. Subscribe today, or try a 24-hour or 7-day digital pass.
All Day Access — 24-hour digital pass99¢ for 24 hours
All Week Access – 7-day digital pass$3.99 for 7 days
All Access, All the Time – Print & DigitalView Offers
Post Print Subscriber — I need to register my account for digital access.Access Digital
Registered Post Subscriber — Sign me in.Sign In