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Originally Posted by Cappy
They did announce it yesterday with a pretty crap presser and slide show:
https://www.cbc.ca/news/canada/edmon...stem-1.7390247
Glossed over a lot of the main points while promising a care-first model run by private-insurance companies who for some reason will have our interests at heart.
There were some inferences drawn about declining profits and that the implementation of this was to cover for increased property claims (Jasper, Fort Mac, Hail storms) which is hilarious.
The system appears to be similar to WCB model (it's actually the Sask model) run by private companies. injury payouts are on a schedule; long-term care is promised but unknown. you can potentially sue for "pain and suffering" if the driver is convicted of an offence like dangerous driving.
It's a convoluted mess which will inherently leave injured parties worse off, frustrated, and will allow for no accountability or promises from insurers to limit rate hikes.
It's a big win for insurance companies; an absolute unknown for insurance payers; and a huge loss for injured.
I stand by my long-standing statement that every big announcement this government has made has been absolute trash. |
Don’t shoot the messenger here and I absolutely hate insurance and how it all works but from what I understand there were a lot of threats and or comments a few months ago about how Alberta was an uninsurable jurisdiction or turning into it or something. So I suspect that underlying this move was a lot of pressure on the UCP to lift caps so they could “be competitive”.
CBC radio had a big chat about this a couple months ago.
Really tough to know what to believe on this one but with the UCP track record it’s probably the wrong move lol