gomizzou

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Today in the NYTimes there is an article about the weak correlation between malpractice claims and insurance premiums. The article can be found at:
http://www.nytimes.com/2005/02/22/business/22insure.html?ei=5090&en=6a2377cb4f91a3c9&ex=1266728400&partner=rssuserland&pagewanted=all&position=
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If you just want a summary and a copy of the figure you can go to:
http://www.washingtonmonthly.com/archives/individual/2005_02/005703.php

I think that it is crazy that the premiums vary so widely between states. I don't know an easy way to get the rates under control.
What does everyone else think?
 

tinkerbelle

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gomizzou said:
I think that it is crazy that the premiums vary so widely between states. I don't know an easy way to get the rates under control.
What does everyone else think?
I don't understand why there is such a huge difference either. But i think i should move to Nebraska....
 

Wiggy73

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Thanks for the link!

We're talking about malpractice in my health econ course. One thing that's been proposed is panels to vet claims so the frivolous ones don't go anywhere; of course, the problem is who would have the knowledge to be on the panel without having conflicts of interest. From an econ standpoint, I find it really interesting that there's just a weak correlation between claims (cost to the insurers) and premiums (prices).

I think any effective reform is going to have to address all the players: doctors, patients, insurers, and the legal system.