Insurers Should Be Prepared To Compromise On Med Mal Reform
It was no surprise that insurers gave President George W. Bush a standing ovation following his calls in the State of the Union address for medical malpractice reforms. However, the industry should also be aware that a chorus of boos greeted the President's initiatives from those skeptical of the industry's claims and motives.
Before this debate is over, the boos from patient advocates have a good chance of drowning out the cheers of insurers and the medical community unless insurers can persuasively make the case that it is indeed an out-of-control litigation system, and not their own quirky underwriting and investment cycles, that require reform.
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