Replies to post #1515 on Bitech Technologies Corp (BTTC)

[Rawnoc]

Since that is a "first 72 hour requirement" and SPIN's market is the 4-6 month after accident market, what am I missing?

Either I'm reading the article wrong or wrong about SPIN's customers -- or I'm right and actually this legislation would actually help SPIN by cutting down on insurance fraud and therefore accelerating the payments to SPIN since this would help nip fraud concerns in the butt in the first place allowing the settlements and trials from accidents to take place faster.

Feel free to correct me if I'm wrong.

[umiak]

Don't see the problem. Many go to the e-room or are taken there after an accident anyway. Looks like it might be helpful in thinning out the crowd. The e-room is not likely to set up a follow-up visit, they will kick it back to the family doc, or specialist depending on the injury.

The proposed law requires those hurt in a wreck to go to a hospital emergency room or hospital-owned walk-in clinic within 72 hours for PIP coverage to kick in.

According to the article Miami-Dade and Tampa, not Orlando...just sayin'.

But over the years, fraudsters have turned Florida into the top state for staged accidents, particularly in the Miami-Dade and Tampa areas.

Passing the subcommittee does not make it law. The article indicates opposition and some good reasons to not pass it.

The bill's critics warned that it would make people suffer long waits in understaffed, overcrowded emergency rooms, and would prevent them from seeing doctors or other health care providers who already know their health condition.

“How long is it before hospitals figure out that PIP equals $10,000?” the Melbourne Republican asked Boyd. “Hopefully never,” Boyd answered with a smile.

Dr. Steven Kailes, who represented the Florida College of Emergency Physicians, said his group didn't believe that every PIP case needed to come into an emergency room, but understood why it was in the bill.

Gov. Rick Scott supports the bill but made a good point when he said,

(emergency room treatment is) “one approach … You know there's other approaches to license providers and all sorts of things,”

The above is important because later in the article it becomes clear that one of the problems is auto injury clinics that have sprung up.

State investigators recently found a number of Miami-Dade medical clinics that only treat auto-accident victims and bill primarily for massage therapy.

Investigators also found many clinic owners who had no prior health care experience. Some of them said they had opened auto-crash clinics only because they heard they could make a lot of money.

The more I look into this article, the clearer it becomes that this bill has nothing to do with SPIN's business model. SPIN's model is not about the quick whiplash cases. SPIN becomes involved when a accident victim's injuries require spinal injections and/or surgery. Hope this helps.