Quantcast

Florida Governor Rick Scott is Trying to Destroy Hurricane Insurance to Benefit Big Insurance Companies

rickscottTo this day, I have no idea how Floridians elected Rick Scott.

I mean honestly, the man was CEO of a company that was found guilty of 14 felonies for defrauding hundreds of millions from Medicare.

How you can be CEO of a company caught defrauding Medicare to the tune of hundreds of millions of dollars, and still get elected governor?  It’s truly pathetic that anyone actually voted for this man.

Many who might not have known about the fraud committed while he was CEO of Columbia/HCA might know him from the Florida voting fiasco where he closed polling places, and shortened early voting times, causing Florida voters to wait in ridiculously long lines to vote this past November.  Then followed that with an “investigation” into the voting process in Florida and the problems they had.

Now, I’m not a rocket scientist, but when you close voting locations, then cut early voting times in half, there doesn’t need to be much of an investigation as to why people waited till as long as 1 a.m. just to vote—especially when you approved both measures.

Now Scott is out to hand state disaster funding for Floridians over to his corporate buddies.

He’s using the claim that the not-for-profit company which provides property insurance for the state of Florida, Citizens United Insurance Corp., is inadequately funded to handle Florida’s disaster needs should a hurricane strike.

Except, he completely distorts his numbers—shocking, right?  Who would think a man whose business was convicted of hundreds of millions of dollars in fraud would push false numbers?

Scott claims that Citizens carries less than $10 billion in funds for disasters, yet insures over $500 billion worth of property.

Which both claims are actually true.

Citizens carries with it roughly $6 billion in funds for disasters, and insures roughly $500 billion worth of Florida property.

What Scott doesn’t say is that they’re backed, just like every private insurance company in Florida is, by the Florida Hurricane Catastrophe Fund.  This back up insurance puts their funds closer to $20 billion rather than his “less than $10 billion” claim.

And his $500 billion in damages number?  Well, he’s right about that—if every single property in Florida covered by Citizens Insurance was somehow destroyed simultaneously by an apocalyptic storm that resembled something from a Michael Bay movie.

Then yes, theoretically the total damage could reach $500 billion.

But by realistic expectations, the next time a “1 in 100 years” storm strikes Florida, most expert estimates put damage at around $21 billion, not $500 billion.

What this really breaks down to is his attempts to funnel more money to his big insurance backers so they can profit heavily off devastation the next time Florida is hit with a hurricane.

And don’t kid yourself, this plan would end up shifting an even larger burden of disaster relief onto the federal government and FEMA.

But what did Floridians expect when they decided to elect a man who was CEO of a company found guilty of 14 felonies for defrauding the federal government of hundreds of millions of dollars?

Solid morals, a strong work ethic and a representative of the people?

They’re getting exactly who they elected—a corporate shill who would sell the soul of every citizen in the state of Florida to the highest bidder if he legally could.

And if his plans for completely privatizing all property insurance in Florida go through the way he hopes, the next time a hurricane devastates millions in Florida, that’s exactly what he will have done.

About Allen Clifton

Allen Clifton is from the Dallas-Fort Worth area and has a degree in Political Science. He is a co-founder of Forward Progressives, and author of the popular Right Off A Cliff column. He is also the founder of the Right Off A Cliff facebook page, on which he routinely voices his opinions and stirs the pot for the Progressive movement. Follow Allen on Twitter as well, @Allen_Clifton.

  • Mark Fitzpatrick

    Wiki says he was not implicated in the fraud with HCA…just saying . must be truthful when we write

    • http://twitter.com/louis_janney Louis janney

      He was driving the bus when it ran off the road. If he was not involved, why he did invoke his 5th amendment rights 75 times during testimony?

  • Ron West

    “There are liars, damn liars and then there are statistics.”—Mark Twain

  • tom

    If Citizens insurance has 6 billion in assets what is Scott’s allocation plan when the State run company ceases?

  • Pingback: Forward Progressives — Rick Scott Proves His Incompetence Yet Again, Accidentally Bans All Computers in Florida

Email