[T] here are other explanations for the dramatic rise in
medical malpractice insurance premiums.»
The underlying policy is that not having to defend against frivolous lawsuits will translate into suppressing the cost of medical malpractice litigation, which would in turn lower the cost of
the medical malpractice insurance premiums charged to healthcare providers and so on up the chain.
Not exact matches
During the trial, Bonomo pinned PRI's financial issues on state
insurance regulators, who set the
premiums that
medical malpractice firms can charge doctors.
He has said that «there is too much money on the table» in
medical malpractice cases, which, he contends, drives up the cost of
malpractice insurance premiums and health care overall.
(Many OB - GYNs stopped delivering babies in the past 10 years, unable to keep up with sky - high
medical -
malpractice -
insurance premiums.)
However, the defendant's lawyers argued that state lawmakers included the possibility of retroactivity in the 2003 law because it was dealing with a
medical malpractice «crisis» that was driving up
insurance premiums for Florida doctors.
«Re-igniting the
medical malpractice overhaul debate, a new study by Dartmouth College researchers suggests that huge jury awards and financial settlements for injured patients have not caused the explosive increase in doctors»
insurance premiums.
«A new study by Dartmouth College researchers, published May 31 by the journal Health Affairs and reported yesterday in The Boston Globe, says that increases in doctors»
insurance premiums are the result not of
medical malpractice lawsuits, but of insurers» poor investments...»
They also pay tremendous
insurance premiums and have resources devoted to vigorously and successfully defending themselves against charges of
medical malpractice.
In fact, California's
medical malpractice insurance industry has become so bloated due to this cap, that «as little as 2 or 3 percent of
premiums are used to pay claims» and «the state's biggest
medical malpractice insurer, Napa - based The Doctors Company, spent only 10 percent of the $ 179 million collected in
premiums on claims in 2009.»
Savings from caps have led to huge
insurance industry profits, which «the
insurance industry should pass... onto Florida physicians in the form of reduced
malpractice insurance premiums, and it should no longer be necessary to continue punishing those most seriously injured by
medical negligence by limiting their noneconomic recovery to a fixed, arbitrary amount.»
We've frequently discussed the actual drivers behind high
medical malpractice premiums for doctors, as well as the reasons behind climbing health
insurance premiums and the costs of
medical care and tests (please see the related posts linked below for more information).
One study of leading
medical malpractice insurance companies» financial statements found that the insurers artificially raise doctors»
premiums and mislead the public about the nature of
medical negligence claims.
This would save money and reduce
insurance premiums the best way, by reducing the harm to the public caused by
medical malpractice.