Medical cost-shifting may boost auto insurance costs, report says

03/22/2013 | Insurance Networking News

Auto insurance costs could increase in the coming years as a result of shifts in medical costs, a report from Assured Research says. "As health care economics shift in favor of ever-larger institutions, auto insurers may find they have less power to contain prices or utilization. The age of accident victims is also rising -- a dynamic that will magnify the effects of cost-shifting," Assured's William Wilt says.

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