New York can’t figure out how to regulate medical malpractice and their best ideas are to either let the docs and lawyers take over the state’s regulatory ratemaking responsibility or let bankrupt companies operate on a pay-as-you-go basis without proper reserves. I remember a time that New York could legitimately call itself the leader in insurance regulation. Sadly, that time has passed.
New York can’t figure out how to regulate medical malpractice and their best ideas are to either let the docs and lawyers take over the state’s regulatory ratemaking responsibility or let bankrupt companies operate on a pay-as-you-go basis without proper reserves. I remember a time that New York could legitimately call itself the leader in insurance regulation. Sadly, that time has passed.
“…the top 20 writers managed to post a combined ratio of 81.3 percent…”
And why did republicans insist that we have tort reform as a cornerstone of health reform?