NY Gov Spitzer Looks Into Spiraling Malpractice Insurance Costs
With doctors' malpractice insurance in the Empire State going up 14 percent, Governor Eliot Spitzer has decided to appoint a commission to find out why these insurance costs are spiraling. According to Walter Olson of Point of Law, with the new rates, an obstetrician in Brooklyn will be paying $173,000 a year and a Long Island neurosurgeon $309,000 annually.
We tort reformers know exactly where that review will wind up: Focused on the plaintiff bar. This might be the beginning of the end to frivolous lawsuits and no-cap on awards.
A plaintiff attorney who spoke off the record after the New Jersey Supreme Court holding on not allowing a public nuisance lead paint suit noted that tort reform is happening and at an unexpected speed. He speculated that the NJ ruling wouldn't have had come down had the push to restrain the plaintiff bar not gained traction through the nation.
Well written article.
Posted by: Coepebiskbems | October 15, 2008 at 08:42 PM
People should read this.
Posted by: Calliope | October 10, 2008 at 12:56 PM