Medical malpractice insurance premiums have risen by an average of 30 percent among the five major insurers over the past year and three of the five insurers have experienced financial reversals recently. The Ohio Medical Malpractice Commission, established under SB 281, also is expected to recommend measures, some of which may require funding. The legislation would provide for the transfer of $12 million from the Ohio Joint Underwriting Association (JUA), a state-created medical malpractice insurance company established in 1975, which is being closed.
Posted by Editor at December 3, 2003 11:04 AM