Did you hear about the State Volunteer Mutual Insurance Company rate increase? No, you didn’t – because it didn’t happen.
Typically the media gets a press release from SVMIC saying that insurance is increasing X% and we hear from the TMA that the world is coming to come to an end as a result of it.
This year, nothing. Recall of course that the inflation rate in 2007 was close to 3% and this year it is running over 4%. The health care inflation rate is almost double the normal inflation rate. Thus, is would be reasonable to assume rates would increase every year.


