Insurers find windfall profits in tort reform while docs' premiums keep rising


	Insurers find windfall profits in tort reform while docs' premiums keep rising

masbury

9-30-2009 2:20 PM

121 views

tags:

healthcare

masbury says:

Malpractice insurers are having their best profits in 20 years - and no one else is benefiting from tort reform in the 46 states that have it.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5cabe689-9f06-4aba-84ca-639700b35377/2D64A864-AB22-4592-9928-7D2728EC9890/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.huffingtonpost.com/anthony-tarricone/fool-me-once-the-insuranc_b_304594.html" href="http://www.huffingtonpost.com/anthony-tarricone/fool-me-once-the-insuranc_b_304594.html" style="font-size: 11px;">www.huffingtonpost.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/anthony-tarricone/fool-me-once-the-insuranc_b_304594.html"><P>In the early part of the decade, doctors clamored for tort reform in response to insurance companies jacking up their rates for malpractice insurance. Now, 46 states have passed some version of it. But ironically, malpractice premiums are lower in states without caps. Doctors did not benefit, and the patients who had their rights eliminated certainly did not benefit. So who came out winners from a decade of destroying the civil justice system?</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/anthony-tarricone/fool-me-once-the-insuranc_b_304594.html"><P>That would be the insurance industry. Tort law changes made medical negligence cases so difficult to pursue that claims dropped precipitously. Between 2000 and 2006, the amount of money insurance companies paid out decreased by 15%. But that did not help the doctors because insurance companies never passed on those savings. In fact, the amount of money insurance companies took in from doctors increased by 120%.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/anthony-tarricone/fool-me-once-the-insuranc_b_304594.html">But now they call for tort law changes under the guise of reducing health care costs</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/2D64A864-AB22-4592-9928-7D2728EC9890/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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