Malpractice insurance rates dropping

Daily Southtown (IL)
Wednesday, October 18, 2006

A carrier of medical malpractice insurance has dropped rates by more than a third in Cook and Will counties and nearly as much statewide.
Gov. Rod Blagojevich stood with representatives of the company, Medical Protective Inc., in Alton last week to trumpet the premium cuts.
They are, he says, proof that malpractice reform is making Illinois a more hospitable place to be a doctor.
Moreover, the good news has less to do with the law's controversial damage caps than with increased competition among insurance companies that provide malpractice policies, the governor says.
(Blagojevich signed the bill into law last year but has always insisted he opposes caps.)
Med Pro, owned by Warren Buffett's Berkshire Hathaway and based in Fort Wayne , Ind. , is one of 12 companies that provide coverage in Illinois .

The Center for Justice and Democracy used the news -- and the interpretation of the news -- to renew its call for a repeal of the caps.
The advocacy group says regulation of the insurance industry is a better instrument for controlling malpractice premiums.

For a copy of the complete article, contact CJ&D.

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