Healthcare Legislation: Medical Malpractice Reform and Insurers’ Antitrust Exemption

side note: Did the insurance industry shoot itself in the foot? Did the industry’s attempt last week to torpedo reform place itself in the crosshairs to have its anti-trust exemption revoked? This is a scenario that will play itself out over the course of the next two months.

The Congressional Budget Office (CBO) has acknowledged that medical malpractice reforms COULD reduce the cost of health care. The CBO found that by adopting tort reform measures, federal spending would be reduced by $41 billion over ten years and the federal deficit would decline by $54 billion.

The provisions in the current Senate Finance Committee version do not include the provisions necessary to achieve the reductions that the CBO believes are achievable.

The CBO said, “Tort reform could affect costs for health care both directly and indirectly; directly, by lowering premiums for medical liability insurance; and indirectly, by reducing the use of diagnostic tests and other health care services when providers recommend those services principally to reduce their potential exposure to lawsuits.”

see original

You may also like

Legislative panel approves medical malpractice bill
Read more
Urgent-care centers: Illinois numbers grow as time-pressed families seek low-cost option to ERs
Read more
Global Center for Medical Innovation launches
Read more

Recent Posts

Connecticut Supreme Court Narrows Scope of Physicians’ Immunity from Civil Liability During COVID

Rate of ‘Serious Discipline’ of Physicians by State Medical Boards Drops from Previous Benchmark

New York Lawmakers Again Vote to Update Wrongful Death Statute in Way Doctors Say Would Increase Damages, Harm Safety Net Care

Popular Posts

PIAA 2017: Current Trends & Future Concerns

Arizona Court Decisions Affirm Two Medical Professional Liability Reform Laws

2022 Medical Malpractice Insurance Rates: What the data tells us

Start Your Custom Quote Process™

Request a free quote