Medical liability premiums: Where do they go from here?
A ballot initiative in California this November could have implications for tort reform legislation in other states and ramifications for future
medical liability insurance premiums.
Voters in the Golden State will be deciding whether to raise the cap on noneconomic damages in medical malpractice awards from $250,000 to more than $1.1 million with mandatory cost-of-living adjustments.
If the ballot passes, its fiscal impact on state and local government medical malpractice costs is expected to be "at least in the low tens of millions of dollars annually, potentially ranging to over $100 million annually," according to California's Legislative Analyst's Office...