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An article in this week's US News and World reports is talking about legislation currently in the works that would allow insurance companies to sell a policy that would protect you from "Pain & Suffering" suits/damages if you have a a car accident... with the caveat that you could then never receive "pain & suffering" damages.

The policy would still cover, lost wages or medical bills if you have them, just nothing over and above.

Now the article was quite supportive of the bill, and I can see how this might be a Foolish purchase if I could make it, it'd be cheaper than 'traditional' coverage. But in the long run is it just going to save the insurance companies money? (And maybe set a few lawyers back a few $$$)

Anyone see some consequence that I'm missing?
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