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Latest Business News

Study Claims Malpractice Rates Climbing

Thursday, July 07, 2005 1:04:30 PM
By NOREEN GILLESPIE

HARTFORD, Conn. (AP) - The rates insurers charge physicians for medical malpractice coverage rose dramatically over the past five years, but the amount insurers paid out in claims did not, according to a study from a consumer advocacy group.

The study, released Thursday by the Center for Justice & Democracy, found that malpractice rates increased by 120 percent from 2000 through 2004, while the amount of money paid in claims went up by 5.7 percent.

"This is wacky," said Jay Angoff, a former insurance commissioner in Missouri during the 1990s and the primary author of the study. "Now what's the insurance companies' defense to this?"


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