Sentences with phrase «of malpractice insurance premiums»
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.
https://www.scientificamerican.com/ Not exact matches
The reciprocal insurer holds assets and liabilities, while the management company makes its money by selling malpractice insurance, and taking a percentage cut of the resulting 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.
«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.
Because malpractice insurance for lawyers is not mandatory in the U.S. (except in the state of Oregon), LAWPRO has been at the forefront of research into coverage models, claims trend analysis, premium setting, and many other aspects of insurance administration.
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.
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.
To critics, non-econ caps are both ineffective (since they will not lower malpractice premiums or the cost of health insurance coverage) and unfair (since they reduce damage awards to the most severely injured, and disproportionately affect women, children, and the elderly).