November 01, 2004

Bush/Cheney lie about skyrocketing healthcare cost!

THE TRUTH - Nation's Largest Medical Malpractice Insurer Admits Caps Will Not Lower Doctor's Premiums. "The nation's largest medical malpractice insurer, GE Medical Protective, has admitted that medical malpractice caps on damage awards...will not lower physicians' premiums." This revelation, made to the TX Dept of Insurance, was contained in a document submitted by GE Medical Protective to explain why the insurer planned to raise physicians' premiums 19% a mere 6 months after TX enacted caps on medical malpractice awards. In 2003, TX lawmakers passed a $250,000 cap on non-economic damage compensation to victims of medical malpractice caps after Medical Protective and other insurers lobbied for the change. According to the Medical Protective filing: "Capping non-economic damages will show loss savings of 1.0 %." The company also notes that a provision in the Texas law allowing for periodic payments of awards would provide a savings of only 1.1%.. The insurer did not even provide its doctors that relief and eventually imposed a rate hike on its physician policyholders." (source Read the whole story

Posted by Crazy Eddie at November 1, 2004 12:01 AM