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Detroit Medical Center exec challenges auto insurers to cuts
Modern Healthcare: A top Detroit Medical Center executive is ready to do a deal with auto insurance companies on reining in how much hospitals charge for auto accident victims.
But only if the carriers agree to dollar-for-dollar cuts in the no-fault insurance premiums shouldered by drivers, said Conrad Mallett, CEO of the DMC's Sinai-Grace Hospital in Detroit.
"I will give if you will give, Mr. Insurance Company," Mallett said Thursday during a forum on auto insurance reform in Corktown hosted by the Citizen Detroit civics education group. "You do a 1% cut, I'll do a 1% cut. You do a 20% cut, so will we. You do a 25% cut, so will we."
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