I’m sorry, but I can’t help but laugh at this.
Despite promises that rising medical malpractice insurance rates would be suppressed under new state laws, many of Georgia’s insurers have hiked their premiums since the sweeping reforms took effect last year, according to an Associated Press analysis of state insurance records.
Six of the state’s top insurers of doctors and dentists have increased their liability rates – in some cases, by more than a third – since new restrictions on malpractice cases became law in Feburary 2005, according to state Department of Insurance records obtained by the AP through an open records request.
The reforms passed by the Georgia Legislature last year included a $350,000 limit on jury awards for malpractice victims’ pain and suffering, tougher standards for expert witnesses in malpractice trials, and new incentives for patients to settle out of court.
I’m a big believer in tort reform and caps, but it seems to me that the process was a failure from the start last time when they did not get all the players (read: insurers) to the table.