The cost of motor insurance and the NHS factor
If you bring a successful compensation case after an accident which involves an insured vehicle the Government can reclaim the cost of NHS treatment from the insurer of that vehicle. You might be surprised to learn how much money is paid across to the NHS from our insurance premiums.
The insurance industry is running a campaign which targets the fees paid to claimant lawyers. This campaign has been shown to be untrue in the findings of the House of Commons Transport Committee. Fraud, young drivers, and referral fees paid within the insurance industry were some of the main factors which increased insurance premiums according to the Committee.
Something which was not raised by the Committee was the fact the Government wants its money back in the event of a road traffic accident, an accident at work, an accident resulting in a public liability claim, or product liability. The Government point is that money has been paid out due to an accident which is someone’s fault. That someone, or more accurately their insurance company, should pay back the Government’s money. We hear complaints about a claims culture, but our Government is already on the case and claiming back its own spend. Let us tell you more. Continue reading “Accident compensation claims repay NHS”