Virginia Physicians Face New Med Mal Cap

Side Note: In another blow to physicians, the state of Virginia has plans to raise the cap on med mal awards by 1 million dollars. While med mal damage awards have been capped at 2 million dollars since 2008, the proposed state law, likely to be passed this year, will increase malpractice awards by $50,000 per year until 2031 when it reaches 3 million. This new law has been negotiated by both the Medical Society of Virginia and the Virginia Trial Lawyers Association. Despite the raising of the med mal cap, the Medical Society of Virginia and the Virginia Hospital and Healthcare Association support the initiative. Virginia is one of only a handful of states that have imposed limits on both economic and non-economic med mal damages. And this reform, even with a higher limit, still makes Virginia attractive to physicians and helps to keep med mal insurance rates lower in the state.

If you would like to lower your med mal costs in Virginia, please fill our free, no obligation quote form.

Deal would raise cap on malpractice suits in Va.
By Amy Jeter
The Virginian-Pilot

Virginia’s doctors and trial lawyers have negotiated a truce in their battle over damage awards in medical malpractice cases, and their compromise is likely to become state law this year.

See Original Article

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