Tuesday, February 28, 2006

Medical Malpractice crisis has ended.

Kevin Drum reports on a study that shows that in 2005 medical malpractice premiums increases only 2% in the first six months and increased not at all in the second half of 2005.

The study he references also explains that in the last three decades, medical malpractice premiums have increased sharply along with all other property insurance premiums when investment income to insurance companies dropped sharply, and then did not increase when investment income was high. There is no correlation to some fictional increase in medical malpractice legal judgements, and caps on such judgements have not correlated to decreases in medical malpractice insurance premiums.

Why am I not surprised? Laws thgat put caps on medical malpractice judgements are nothing more than another Republican scheme to redistrubute money from injured people to the insurance companies who lobby Congress and make large contributions to mostly Republicans.


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