Americans for Insurance Reform Report Says Med-Mal 'Crisis' is Over
National News • March 1, 2006
Americans for Insurance Reform (AIR) has released a new study confirming the wholesale decline of medical malpractice insurance rates nationwide.
The AIR study also indicates that this phenomenon ...
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Subject: Look under the covers....
Posted On: March 2, 2006, 9:07 pm CST
Posted By: cdw
Comment:
As a former regulator, Mr. Hunter knows better than to believe his own press. This is just a press release to start tainting the media airwaves ahead of Bill Frist's efforts at real reform. Any meaningful assessment of the med mal market would still scare your pants off. There is a huge number of states where the med mal markets could not be declared competitive under any standard market concentration test. There simply are too few insurers willing to risk their solvency by writing this line. Furthermore, the number of financially weak players in this business is downright shocking. If property insurers looked like this, nobody would get their Katrina claims paid. And somebody needs to start investigating New York State soon. They have a med mal pool there with such inadequate rates that it's racking up deficits faster the Knicks rack up losses. At the pace it's going, they could have a $1+ billion dollar deficit in another 3 or 4 years. So, Mr. Hunter, you think everything is hunky dory?
Subject: Look under the covers....