The Health Care Reform Address Thread

[JoeRedskin]

Originally Posted by Schneed10

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.

Cash out comes from paying judgments and settlements. Not just punitive damages. Judgments & settlements are also made up of compensatory awards. Reducing compensatory damage awards also requires reducing medical costs (i.e. the cost for Doctor B to fix what Doctor A did wrong). So, I don't think it is as clear cut as you paint it. Capping punitive damages seems to be one (possibly small) aspect, but it does not appear to be a cure all for the high cost of malpractice insurance.

Bring on the MICC