Quote:
Originally Posted by JoeRedskin
Schneed - as to malpractice. I understand the costs but, other than capping punitive awards, what can other ways are their to cut malpractice insurance? Even capping puni's (which this administration would have a hard time doing b/c of its allegiance to the trial lawyers) may not work - I am simply unsure of what percentage of awards they make up and what the trend is.
|
Cutting puni's is it. Malpractice is a simple business.
The cash in to malpractice insurance firms comes in the form of premiums. Cash out comes in the form of paying punitive damages and settlements.
The settlements come down if punitive damages come down. It's pretty simple.