Liability insurers raise premiums, but payouts remain flat
A recent report from the Center for Justice and Democracy is lending credence to physicians' complaints about skyrocketing malpractice insurance premiums, according to Managed Care (8/2005).
A recent report from the Center for Justice and Democracy is lending credence to physicians' complaints about skyrocketing malpractice insurance premiums, according to Managed Care (8/2005). The report, "Falling Claims and Rising Premiums in the Medical Malpractice Insurance Industry," analyzed the performance of the 15 largest insurers and found that they had raised their net premiums by 120.2% between 2000 and 2004, while net payouts for claims increased a mere 5.7%. During the same period, the incurred-loss ratio-the amount that insurers estimated they would pay out in the future divided by the premiums they earned-declined by 25%.
Study reports US health rankings to plummet by 2050
December 19th 2024Despite modest increases in life expectancy, the United States is set to fall behind globally in health-adjusted life expectancy because of rising obesity rates and other health risks, according to a comprehensive forecast.
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