Weiss: Award Caps Don't Stop Med Mal Hikes
NU Online News Service, June 2, 3:58 p.m. EDT? Caps on jury awards for non-economic damages in medical malpractice lawsuits do not slow the pace of increasing insurance rates, according to a white paper released by a rating firm.
Across the nation many state physician groups have asked legislators to enact non-economic damage limits, but Weiss Ratings Inc., Palm Beach Gardens, Fla., said its study found that while such caps slowed the payouts by insurance companies, it did not translate into smaller premiums for doctors.
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