Paul Minor says he wants to help the Ocean Springs OB/GYN doctors because he's tired of out of state insurance companies coming to Mississippi and accusing our legal system of being unfair.
Minor says it's time the insurers tell the truth why they're really stopping their coverage. Minor says instead of blaming Mississippi's legal system, the insurance companies should take a look at what Minor says is their own mismanagement.
"These companies invest in the stock market. As long as they make profits in the stock market everything's fine, but as soon as their portfolios fall, they have to start scrambling for premiums, they jack up the rates and then they blame the juries."
Minor says physicians like Dr. Greg Horn are insurance victims. He says Horn's Birmingham insurer came to Mississippi and outbid other companies without a full commitment to the doctors.
"The commissioner of insurance George Dale should have never let these companies from out of state come in and write insurance in Mississippi without a commitment that they would continue to write it as long as they were in business, and he did not do that."
Dr. Horn isn't thinking about all the finger pointing. He's worried he won't have a practice come July 1st, when his insurance is up. He's accepted Minor's offer of help, but doesn't know what to expect.
"I'm not sure he can do anything. If anything, I would love to have a temporary reprieve. I mean 45 days to find out what you're going to be doing is tough."
Horn is already seeing the impact of the insurance crisis. He's losing business.
"I will not take anymore OB's until I know what's happening, so basically I'm turning patients away right now, and a lot of patients are worried so they're getting their records and moving," Horn said.
Minor says that's just not right.
"The insurance companies are not being honest with the doctors, and that's why we're going to have to go into court, take depositions, question these insurance company representatives under oath make them produce documents to show what is the real reason that this is a problem."
Although Insurance Commissioner George Dale agrees with Minor to some degree, he says he is not entirely correct.
"We're still alive in America. Businesses come and go everyday," Dale said. "Minor is partially right. The insurance companies can only invest a small part of their money in the stock market, but investments along with the legal climate have a legal bearing on the dilemma we're in."