Study Says Damage Caps Reduce Malpractice Cost
NU Online News Service, April 8, 4:22 p.m. EDT?Large states with caps on non-economic damages have below-average medical malpractice loss costs for physicians, while those without caps have the highest medical malpractice costs, according to a consulting firm's study.
Milliman USA in New York, said today that its analysis of medical malpractice claims in the 15 largest states from late 1990 to early 2001 shows wide differences in medical malpractice loss costs by state for physicians, which correlate with whether or not the state has enacted caps on non-economic damages.
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