No-Fault Insurance and PIP Laws to Expire: What Fallout Do We Face?
On October 1st, Florida's no-fault auto insurance laws are scheduled to sunset. Also disappearing is the requirement that all drivers carry a minimum level of personal injury protection (PIP).
Repercussions are predicted to be widespread. The 20% of Floridians who have no health insurance will have no coverage for treatment of injuries sustained in auto accidents. Hospitals say they will be forced to bear the costs of administering emergency treatment to uninsured accident victims. Health insurance companies say any decrease in auto insurance premiums will be completely offset by increase in health insurance premiums.
Should the legislature take this issue up during the September special session? If so, should they extend the existing law for a year or try to develop consensus reform legislation before the October 1 deadline?