Tuesday, June 20, 2006

AP article contradicts insurance industry claims

Evidence that capping jury awards doesn't bring down health insurance premiums from the AP (via SirotaBlog):

Despite promises that rising medical malpractice insurance rates would be suppressed under new state laws, many of Georgia’s insurers have hiked their premiums since the sweeping reforms took effect last year, according to an Associated Press analysis of state insurance records.Six of the state’s top insurers of doctors and dentists have increased their liability rates - in some cases, by more than a third - since new restrictions on malpractice cases became law in February 2005, according to state Department of Insurance records obtained by the AP through an open records request.

This latest evidence comes on the heels of a recent Harvard study that proves there really isn't a malpractice "crisis" that necessitates the capping of jury awards (or what Republicans call "tort reform") in the first place.

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