UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review has been on the web since 1995. See main page for full contents

August 21, 2009

MEDICAL MALPRACTICE CASES ADD LESS THAN ONE PERCENT TO HEALTH COSTS

Common Dreams - In an astonishing refutation of insurance company claims that medical malpractice verdicts are "exploding" and forcing dramatic rates increases, a new analysis shows that insurance companies are paying victims of medical negligence on average only $42,607.03. This is only slightly more than the average payout was a decade earlier -- $39,093.31. Moreover, medical malpractice costs, as a percentage of national health care expenditures, are at an all time low, 0.55 percent. The analysis, conducted for the Center for Justice & Democracy by actuary J. Robert Hunter, Director of Insurance for the Consumer Federation of America, examined year 2000 insurance data. . . He concludes, "Medical malpractice insurance is amazing value, considering that it covers all medical injuries for about one-half of one percent of health system costs."

2 Comments:

Anonymous nyc malpractice case said...

Great post, thank you for sharing.

August 21, 2009 1:17 PM  
Blogger m said...

That figure has been known for a long time. The problem is how to get ahead of the next mad stampede of the herd. Right now it is death panels. Who knows what they will come up with next. I thought exhaustion would set in after the birthers, but the deathers proved me wrong.

The population is being pushed and pulled until it has no idea of what is going on. Of course, that is the purpose of those playing the game. The real trick is how to regain some level of stability.

August 21, 2009 8:10 PM  

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