To cap or not to cap? That is the fundamental question lawmakers are debating when it comes to medical malpractice awards. But while a cap might sound good politically and look good on paper, it is an unproven concept. A report by insurance rating service Weiss Ratings said that only two of the 19 states with caps in place had seen flat or declining malpractice premiums from 1991 to 2002. For this reason, cap opponents have said that payout limitations only penalize malpractice victims rather than effectively curbing the medical insurance market.
Posted by Editor at November 5, 2003 10:17 AM