Grand Junction-State Senator Ron Teck, (R) Grand Junction, says more analysis is needed before any attempt is made to change Colorado's car insurance structure, but the legislature could take another look at it this year. Colorado Insurance Commissioner David Riera told a panel of lawmakers Friday that insurance rates have dropped since no–fault insurance was ended in favor of a tort–based system, but problems remain.
Two years ago legislators dropped no–fault car insurance in favor of a system that makes the driver at fault in an accident responsible for paying medical claims of an injured motorist. Although the change allowed drivers to drop their personal–injury protection, experts say medical insurance coverage isn't adequate, and forces people to turn to their medical insurance to pay the difference. Lawmakers worry that could cause a big hike in health insurance premiums.
Senator Teck was not a part of the committee that met Thursday, but he says more information and analysis is needed before any substantive changes are made in the law.
Teck says the legislature looks at auto, health, and other insurance programs every session. He says once details emerge on how the current program affects other costs, the legislature could make changes in the current law.
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