Voters for Savings

It's campaign time in Michigan and the laundry list of "To-Do" items is long for whoever is elected Michigan's next governor.

A report issued this week, however, suggests - correctly - that insurance reform must be high up on next year's priority list of needed reforms.

Michigan’s next governor has his work cut out for him. It is no secret that over the last decade Michigan’s economy has been in a veritable free-fall. Housing values slumped while businesses closed, residents fled and nearly a million jobs were lost. Unemployment in the state consistently ranks as one of the nation’s highest and on top of all of that Michigan was recently ranked as having the nation’s second highest auto insurance premiums.

A study released this week by the Competitive Enterprise Institute and the Mackinac Center for Public Policy outlines concrete and practical steps to begin reforming auto insurance regulation and perhaps put Michigan’s economy on the road to recovery.

Here's that study mentioned above by Lee Doren of the Competitive Enterprise Institute in a recent blog post.  His post and the more detailed report go one to say that "replac(ing) Michigan’s unlimited personal injury protection purchase requirement with more flexible options" should be tops on the next governor's list of agenda items when it comes to making auto insurance more affordable.

So, what say you Rick Snyder and Virg Bernero?  Insurance reform?  Cost savings?  More of the same?