More data piles in refuting the bald claims of ATLA and “consumer” advocates that medical malpractice reform is somehow an insurance company conspiracy that doesn’t reduce rates. (See Mar. 22 and Jul. 29, 2003). In an actuarial study using the National Practitioner Data Bank, we find, among other interesting things, that (1) dollars paid in malpractice claims went up 80% between 1992 and 2001, even though the number of claims only went up less than 20% in the same period; and (2) malpractice premiums are higher in states without noneconomic damages caps compared to those in states with noneconomic damages caps. (Richard S. Blondi and Arthur Gurevitch, “Noneconomic Damage Caps Help Reduce Malpractice Insurance Premiums”, Contingencies, Nov.-Dec. 2003). Contingencies is the journal of the American Academy of Actuaries.
Does tort reform affect insurance rates? II
More data piles in refuting the bald claims of ATLA and “consumer” advocates that medical malpractice reform is somehow an insurance company conspiracy that doesn’t reduce rates. (See Mar. 22 and Jul. 29, 2003). In an actuarial study using the National Practitioner Data Bank, we find, among other interesting things, that (1) dollars paid in […]
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The value of a good woman
From the Onion:
I was just working my way out of the denial phase of the grieving process when the phone rang. Mr. George Tift from State Farm Insurance had a
Bob Herbert’s “Malpractice Myths”
“This is all about greed,” Bob Herbert explains, talking about medical malpractice. (“Malpractice Myths”, NY Times, Jun. 21). Very few would disagree with this sentence standing by itself. But Herbert, without any obvious irony, is ascribing this sin t…
Does tort reform affect insurance rates? II
More data piles in refuting the bald claims of ATLA and “consumer” advocates that medical malpractice reform is somehow an insurance company conspiracy that doesn’t reduce rates. (See Mar. 22 and Jul. 29, 2003). In an actuarial study using the…
The Times on med-mal, II: effect of caps
On Tuesday, readers will recall, the New York Times business section ran an article entitled “Behind Those Medical Malpractice Rates” under the byline of Joseph B. Treaster and Joel Brinkley. Yesterday I criticized at length the article’s assertions th…