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July 07, 2006

Malpractice Caps Don't End Premium Hikes

GE Medical Protective wants higher medical malpractice premiums even though awards haved been capped in Texas.

In a regulatory filing to the Texas Department of Insurance, GE Medical Protective sought to justify why the insurer planned to raise physicians’ premiums 19 percent just six months after Texas enacted a cap on awards. In 2003, Texas law makers passed a $250,000 cap on non-economic damage compensation to victims of medical malpractice after GE Medical Protective and other insurers lobbied for the change. The cap is substantially similar to the one proposed by President Bush.

 

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Med Mal insurer seeks rate hike despite caps

Posted on July 7, 2006 08:41 AM by Medica66.
Filed in Personal Injury Resources under medical malpractice.
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