June 02, 2005

MedMal claims, verdicts not cause of rate hikes, says study and non-profit

Medical malpractice rate hikes are not being caused by increased patient claims or higher jury verdicts, according to the nonprofit Foundation for Taxpayer and Consumer Rights (FTCR). The organization cites a new study by the Kaiser Family Foundation (KFF) that looks at medmal claim data over a period from 1991 to 2003. Per doctor, the claims count has declined over that period and after being adjusted for inflation, rose only 1.7% annually and actually fell since 2001, according to the KFF study available at http://www.kff.org/insurance/7328.cfm.

Source: "KFF: Medical Malpractice Claims Stable; FTCR Reports Time to Focus on Insurers' Practices" Insurance Journal May 31, 2005

Posted by dougsimpson at June 2, 2005 10:38 AM